ACCOUNTING PEREGRINE EXAM STUDY
GUIDE 2026 COMPLETE QUESTIONS AND
SOLUTIONS ALREADY PASSED
⩥ Compliance in Accounting. Answer: Sarbanes act was created in 2002
to protect shareholders
⩥ What are dividends?. Answer: a sum of money paid regularly by a
company to its shareholders out of its profits
⩥ _ can be allocated as fixed amount per share. Answer: Dividends
⩥ Dividends. Answer: can only be received one or more regular
payment stream
⩥ Cash dividend. Answer: paid out of currency of the company
Are usually taxable
⩥ stock dividend. Answer: Paid out in form of stock
⩥ Property. Answer: paid out in form of asset
, ⩥ Interim. Answer: made before a companies annual general meeting
and final financial statement
⩥ Common stock. Answer: allows owners to vote at shareholder
meetings and receive dividends
⩥ preffered stock. Answer: stock that gives stockholders preference in
earnings and other rights
⩥ Growth stock. Answer: earnings grow faster than market average
Dividends rarely paid
Investors buy them
Startup technology company likely has them
⩥ Income stock. Answer: pays higher-than-average dividends compared
to other stock issues
⩥ Value stock. Answer: stock from a company which has a low market
price considering historical earning records and value of current assets
GUIDE 2026 COMPLETE QUESTIONS AND
SOLUTIONS ALREADY PASSED
⩥ Compliance in Accounting. Answer: Sarbanes act was created in 2002
to protect shareholders
⩥ What are dividends?. Answer: a sum of money paid regularly by a
company to its shareholders out of its profits
⩥ _ can be allocated as fixed amount per share. Answer: Dividends
⩥ Dividends. Answer: can only be received one or more regular
payment stream
⩥ Cash dividend. Answer: paid out of currency of the company
Are usually taxable
⩥ stock dividend. Answer: Paid out in form of stock
⩥ Property. Answer: paid out in form of asset
, ⩥ Interim. Answer: made before a companies annual general meeting
and final financial statement
⩥ Common stock. Answer: allows owners to vote at shareholder
meetings and receive dividends
⩥ preffered stock. Answer: stock that gives stockholders preference in
earnings and other rights
⩥ Growth stock. Answer: earnings grow faster than market average
Dividends rarely paid
Investors buy them
Startup technology company likely has them
⩥ Income stock. Answer: pays higher-than-average dividends compared
to other stock issues
⩥ Value stock. Answer: stock from a company which has a low market
price considering historical earning records and value of current assets
