1.On Nov 1, JKC, Inc.'s Board of Directors declared a cash dividend for the outstanding shares of common stock. The dividend will be paid on Dec 31 to stockholders of record on Dec 1. On Nov 1, JKC will have to

Record a dividend payable

Record an expense

Decrease the cash account

Do nothing

2.On Nov 1, JKC, Incs Board of Directors declared a cash dividend for the outstanding shares of common stock. The dividend will be paid on Dec 31st to stockholders of record on Dec 1. From the previous example, On Dec 31st, JKC will have to

Record a dividend payable

Record an expense

Decrease the cash account

Do nothing

3.If a company wants to study the behavior of their financial statement items over several accounting periods to assess trends, it would most likely use

Ratio analysis

Vertical analysis

Horizontal analysis

Benchmarking

4.A company's ability to pay its short term obligations is best known as its

Leverage

Liquidity

Operational control

Margins

5.Earnings per share measures

		The preferred dividends paid by the company
		The amount of taxes the company must pay for each share of stock
		How much income was earned by the Board of Directors
		How much income was earned for each share of common stock outstanding