Acct 212 week 7 quiz - Study guides, Class notes & Summaries

1. The advantages of a corporation compared to a sole proprietorship or partnership include: Lower total taxes. The ability of stockholders to make operating decisions for their company. Limited liability. Less paper work. 2. Preferred stock is called preferred because it usually has two preferences over common stock. These preferences relate to: Dividends and voting rights. Par value and dividends. The preemptive right and voting rights. Dividends and distribution of assets if the co...

ACCT 212 WEEK 1 QUIZ 1. (TCO 1) The type of accounting that makes projections to determine if a company should build a new store is (Points : 3) financial accounting. business accounting. manage rial accounting. projection accounting. 0 0 MultipleChoice 3 Question 2. 2. (TCO 1) Which type of business organization transacts the most business and is the largest in terms of assets, income, and number of employees? (Points : 3) Proprietorship Partnership Limited-liability company Corporation 0 1 Mul...

ACCT 212 WEEK 1 QUIZ 1. (TCO 1) The type of accounting that makes projections to determine if a company should build a new store is (Points : 3) financial accounting. business accounting. manage rial accounting. projection accounting. 0 0 MultipleChoice 3 Question 2. 2. (TCO 1) Which type of business organization transacts the most business and is the largest in terms of assets, income, and number of employees? (Points : 3) Proprietorship Partnership Limited-liability company Corporation 0 1 Mul...

Question: The advantages of a corporation … to a sole proprietorship or partnership include: Question: Preferred stock is called … because it usually has two preferences over common stock. These preferences relate to: Question: When a company issues 35,000 shares of $3 par value common stock for $30 per share, the journal entry for this issuance would include: Question: Environmental Designs issues 5,000 shares of its $1 par value common stock at $18 per share. (1) Record the issuance of the...

ACCT 212 Week 6 Quiz Question 1.1. (TCO 7) Stockholders of a corporation directly elect the (Points : 3) board of directors. president of the corporation. chief financial officer of the corporation chairperson of the board. Question 2.2. (TCO 7) If a corporation has only one class of stock, it is understood to be (Points : 3) preferred stock. common stock. contributory stock. equity stock. Question 3.3. (TCO 7) The price that the stockholder pays to acquire stock from the corporation is the (Poi...

ACCT 212 WEEK 1 QUIZ 1. (TCO 1) The type of accounting that makes projections to determine if a company should build a new store is (Points : 3) financial accounting. business accounting. manage rial accounting. projection accounting. 0 0 MultipleChoice 3 Question 2. 2. (TCO 1) Which type of business organization transacts the most business and is the largest in terms of assets, income, and number of employees? (Points : 3) Proprietorship Partnership Limited-liability company Corporation 0 1 Mul...

Question: The advantages of a corporation compared to a sole proprietorship or partnership include: Question: Preferred stock is … because it usually has two preferences over common stock. These preferences relate to: Question: When a company issues 30,000 shares of $1 par value common stock for $10 per share, the journal entry for this issuance would include:

Question: The advantages of a corporation … to a sole proprietorship or partnership include: Question: Preferred stock is called … because it usually has two preferences over common stock. These preferences relate to: Question: When a company issues 35,000 shares of $3 par value common stock for $30 per share, the journal entry for this issuance would include:

(TCO 7) Stockholders of a corporation directly elect the (TCO 7) The basic unit of ownership for a corporation is (TCO 7) The difference between the issue price of the stock and the par value of the stock is

ACCT 212 Week 8 Quiz (Version 1) 1. Question: Zebra Company reports the following figures for the year ending December 31, 2019 and 2018……… What are the percentage changes from 2018 to 2019 for Net Sales, Cost of Goods Sold and Gross Profit, respectively. 2. Question: Szidon Company reports the following data…. Using benchmarking, what can be said about Szidon Company? 3. Question: Mussa Corporation reports the following data……… In vertical anaylsis, the cost of goods sold p...