.

Holders of common stock must be aware of possible restrictions on common dividends when preferred stock is:

Question 11 options:

A)

Callable

B)

Cumulative

C)

Noncumulative

D)

Convertible

Question 12 (1.5 points) Suppose a company rents a building for $250,000 a year for the purpose of manufacturing between 80,000 and 140,000 units (the relevant range). The rental cost per unit of production will _______ as production levels increase.

Question 12 options:

A)

Behave in a nonlinear fashion

B)

Decrease

C)

Increase

D)

Remain fixed

From Jolier's year-end income statement, you observed that the finished goods inventory has doubled during the year. This would indicate that during the year Jolier:

Question 17 options:

A)

Sold more goods than last year

B)

Sold more goods than were produced

C)

Produced more goods than were sold

D)

Produced more goods than last year

Comparing management accounting with financial accounting, which of the following statements is true?

Question 19 options:

A)

Both require adherence to GAAP

B)

Financial accounting reports are more objective, whereas management accounting reports are more subjective

C)

Both use historical costs as their primary unit of measurement

D)

Both depend on the double entry system of accounting