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16. Which of the following is not a relevant date relating to distribution of a Cash Dividend to Shareholders: a. Date of Declaration b. Date

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16. Which of the following is not a relevant date relating to distribution of a Cash Dividend to Shareholders: a. Date of Declaration b. Date of Record C. Balance Sheet As of Date d. Date of Payment e. None of the Above 17. A motivation for a company to invest includes which of the following: a. Companies invest extra cash into investments to produce higher income. b. Some companies are set up to produce income from investments. c. Companies make investments for strategic reasons. d. A&B e. B&C f. All of the above 18. Which of the following statements is correct? a. Salaries to partners and interest on partners' capital are expenses of the partnership. b. Salaries to partners are an expense of the partnership but not interest on partners' capital. c. Interest on partners' capital are expenses of the partnership but not salaries to partners. d. Neither salaries to partners nor interest on partners' capital are expenses of the partnership. e. None of the above. 19. Long-term investments cannot include: a. Held-to-maturity debt securities. b. Securities with maturity dates within three months. c. Equity securities giving an investor insignificant influence over an investee. d. Equity securities giving an investor significant influence over an investee. e. Available for sale debt securities. 20. A company received cash proceeds of $206,948 on a bond issue with a par value of $200,000. The difference between par value and issue price for this bond is recorded as a: a. Credit to Interest Income. b. Credit to Premium on Bonds Payable. C. Credit to Discount on Bonds Payable. d. Debit to Premium on Bonds Payable. e. Debit to Discount on Bonds Payable

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