Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

47) Companies use share dividends: * 2 points O A) To increase contributed capital. O B) To increase the market value of shares. OC) To

image text in transcribed
image text in transcribed
47) Companies use share dividends: * 2 points O A) To increase contributed capital. O B) To increase the market value of shares. OC) To raise capital for the company for future expansion. D) To keep the market price of the shares affordable. O E) All of these answers are correct. 48) When a bond sells at a premium, it means that: 2 points OA) The contract rate is above the market rate. B) The bond is secured by corporation assets. OC) The contract rate is equal to the market rate. OD) The bond is always callable. O E) The contract rate is below the market rate. https://docs.google.com/forms/d/e/1FAIpQLScBTtocOm6gQ_d3tAZvx4KGKBROYHTV2VYTID 1p2bDutmo/viewform?hr_submission=Chkls 45) Debt investments: 2 points A) Can be converted to cash within 3 months or less. B) Are cash equivalents and reflect a creditor relationship. C) Are usually accounted for using the amortized cost method. D) Are cash equivalents. E) Reflect an ownership relationship. 46) A bondholder who owns a $1,000,10%, 10-year bond has the right 2 points A) Receive $10 per year until maturity. B) Receive $1,000 at maturity. OC) Vote. D) Receive dividends. E) None of these answers is correct

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance Services

Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau

9th International Edition

1266285997, 978-1266285998

More Books

Students also viewed these Accounting questions