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please ans all QUESTION 16 Which of the following statements is false? A balance sheet reports a company's cash balance at a specific date. An

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QUESTION 16 Which of the following statements is false? A balance sheet reports a company's cash balance at a specific date. An income statement reports the amounts of revenue and expense on an accrual basis. A statement of retained earnings reports the amount of cash received from operating activities and the amount of cash paid for dividends. A statement of cash flows explains the changes in cash from operating, investing, and financing activities. QUESTION 18 On January 1, 2012, a company issued 10.000 shares of 10%, $10 par value cumulative preferred stock. No dividends were declared in 2012 or 2013. In 2014, the company declared a dividend of $200,000. How much of the 2014 dividend should be paid to common stockholders? $170,000 $190,000 $197.000 $200,000 QUESTION 19 What is the primary reason for a stock split? To distribute cash to the investor. To decrease the market value of the stock. To decrease the number of shares outstanding, To increase the capital stock of the corporation QUESTION 21 if a corporation issues cumulative, participating preferred stock, which of the following is true regarding the rights of the preferred stockholders? They must forego dividends for any periods when no dividends are declared. They will share in the dividends that exceed a specified amount. They will received a fixed dividend regardless of the amount of dividends declared. They will have an option to convert their shares to common stock at a specified date. 2 po QUESTION 22 Form 10-K for a public company is required to include the following financial statements for the most recent period of time including: Income Statements and Statement of Cash Flows Balance Sheets 2 years 3 years 2 years 2 years 3 years 3 years 3 years 2 years QUESTION 24 Rapid Sign Corporation Selected data from the financial statements are presented below: Net income Cash dividends paid on common stock Average number of common shares outstanding Treasury Stock Market price per share of common stock at year-end 2015 $110,000 42,000 140,000 70,000 16.00 2014 $123,000 38,000 145,000 0 13.00 Refer to Rapid Sign Corporation. What is the stock repurchase payout ratio for 2015? 63.8% 51.79 35.19 Oo QUESTION 28 Medstar Ambulance Service Information from the company's financial records is presented below: Notes payable, December 31, 2013 Notes payable, December 31, 2014 Loss on Note retirement--2014 Interest expense on bonds--2014 $1,000,000 1,200,000 45,000 75,000 At the end of 2014, the company issued notes at par value for $1.200,000 cash. The proceeds were used to retire the $1,000,000 note issue outstanding at the end of 2013 (before their maturity date). All interest expense was paid in cash during 2014 Refer to Medstar Ambulance Service. How much was paid to retire the $1,000,000 note issue during 2014? $ 800,000 $1,200,000 $1.045,000 $1,075,000 o nos contine icon o se na dros 2013 QUESTION 29 An appropriation of retained earnings is best described as a(n) reserve established for a specific business purpose. allowance for future treasury stock transactions. allowance for future preferred stock redemptions. reserve for possible declines in the market value of the corporation's capital stock. QUESTION 25 The quick ratio is generally larger than the current ratio. decreases when a company's assets becomes more liquid. increases when a company has more cash sales than credit sales. is larger when a company's assets are more liquid

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