Question
Question 7 (1 point) At January 1, the beginning of the year, a company had 10,000 common shares outstanding. On February 19, the company issued
Question 7 (1 point)
At January 1, the beginning of the year, a company had 10,000 common shares outstanding. On February 19, the company issued 2,000 shares; and on September 9, the company declared and distributed a 10% stock dividend. At the end of the year, how many common shares are outstanding?
Question 7 options:
| 12,000 |
| 11,000 |
| 13,000 |
| 13,200 |
Question 8 (1 point)
A stock dividend is a distribution of
Question 8 options:
| Cash to shareholders |
| Corporations own shares to shareholders |
| Another companys shares to shareholders |
| Property to shareholders |
Question 9 (1 point)
All of the following are non-current liabilities except:
Question 9 options:
| Bonds payable |
| Instalment notes payable |
| Capital lease liabilities |
| All of these options are non-current liabilities |
Question 10 (1 point)
The amount that the issuing company must pay at the maturity date of bonds is called:
Question 10 options:
| Face value |
| Par value |
| Maturity value |
| All of the above |
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