APU ACCT 300 Week 4 Quiz

Question 1 of 20 5.0/ 5.0 Points Cash dividends are not paid on shares of treasury stock. A. True B. False Question 2 of 20 5.0/ 5.0 Points A fixed asset with a cost of $30,000 and accumulated depreciation of $25,000 is sold for $3,500. What is the amount of gain or loss on disposal of the fixed asset? A.$2,500 loss B.$1,500 loss C.$2,500 gain D.$1,500 gain Question 3 of 20 5.0/ 5.0 Points If a corporation issues only one class of stock, it is called: A. common stock. B. treasury stock....

Question 1 of 20 5.0/ 5.0 Points Cash dividends are not paid on shares of treasury stock. A. True B. False Question 2 of 20 5.0/ 5.0 Points A fixed asset with a cost of $30,000 and accumulated depreciation of $25,000 is sold for $3,500. What is the amount of gain or loss on disposal of the fixed asset? A.$2,500 loss B.$1,500 loss C.$2,500 gain D.$1,500 gain Question 3 of 20 5.0/ 5.0 Points If a corporation issues only one class of stock, it is called: A. common stock. B. treasury stock....