One disadvantage of selling stock is that dividends get taxed twice. True or False?

Retained earnings is a pot of money, available for operations. True or False?

A large stock dividend affects:

A. Book values for issuing corporation

B. Par Value

C. Current market values

D. Total Owner's Equity value

When a plant asset is disposed of, and cash is paid recording the disposition requires making entries for:

A. gains, losses and depreciation

B. neither gains nor losses, only depreciation

C. gains, losses, accumulated depr.

D. losses/gains, accumulated depr. and cost of asset

A bond issued at a discount indicates that at the date of issue:

A, its contract rate was lower than the prevailing market rate of interest on similar bonds

B, its contract rate was higher than the prevailing market rate of interest on similar bonds

C. the bonds were issued at a price greater than their face value

D. the bonds are noninterest bearing,

When a stock split happens, what effect is there on the balance sheet?

Treasury stock is classified as an investment on the balance sheet. True or False?

List three entries that affect both the Balance Sheet and the Income Statement.