Failure to record an accrued liability for wages earned by employees causes a company to: A) overstate assets. B) overstate stockholders' equity. C) overstate liabilities. D) understate net income. Bonds in a particular issue which mature in installments over a period of time are called: A) convertible bonds. B) term bonds. C) callable bonds. D) serial bonds, Bonds which are backed only by the good faith of the borrower are referred to as: A) callable bonds. B) junk bonds. C) debenture bonds. D) uncertified bonds. If the market interest rate is greater than the stated interest rate on bonds, bonds will sell: A) at face value. B) at a discount. C) at the stated interest rate. D) at a premium. The interest rate that investors demand for loaning their money is referred to as: A) the coupon rate of interest. B) the debenture rate of interest. C) the market rate of interest. D) the stated rate of interest. It the market interest rate is 6%, a S10.000, 7%, 5-year bond, that pays interest semiannually would sell at an amount: A) less than the maturity value. B) equal to face value. C) greater than face value. D) less than face value. It a company wants to maximize earnings per share it would issue: A) bonds instead of stock. B) stock instead of bonds. C) stock or bonds, depending on the tax rate. D) stock or bonds, depending on the interest rate. Which one of the following is NOT a stockholder's right of ownership in a corporation? A) the right to decide If a dividend should be distributed K) the right to maintain one's proportionate share of ownership in the corporation C) the night to receive a proportionate share of the assets remaining after all liabilities are paid upon liquidation D) the right to participate in management by voting on matters that come before the stockholders Stockholders' equity is divided into: A) common stock and preferred stock. B) retained earnings and common stocks. C) assets and liabilities. D) retained earnings, and paid-in capital. It a corporation has only one class of stock, it is understood to be: A) preferred stock. B) redeemable stocky. C) common stock. D) participating stock. 76) Dividends are declared by the: A) President. B) Board of directors. C) Chief Accounting Officer. D) Chief Financial officer