the period a. True b. False 9) Amortization of cash outflow True b. False bod Sahler ies in interest expense that is less than the actual 10) Two of the three primary A) Preferred stock and retained earnings Beper of common stock and retained earnings -C) Paid-in capital and retained carings D) Preferred stock B) Ted stock h ary account within shareholders equity are 11) Paid-in capital in exces of paris reported: A) As a reduction of shareholders' equity. B) As a noncurrent asset. C) Asa curent liability. D) As an increase in shareholders' equity 12) Treasury shares are most often reported A) A reduction of total shareholders' equity B) A reduction of total paid in capital C) A reduction of retained earnings D) An expense in the income statement. 13) The net assets of a corporation are equal to: A) Contributed capital. B) Retained earnings -C) Shareholders' equity. D) None of these answer choices are correct. 14) The statement of shareholders' equity reports the transactions that cause changes in its shareholders' equity account balances. It shows the beginning and ending balances in primary shareholders' equity accounts and any changes that occur during the years reported. Typical reasons for changes include each of the following except: A) the sale of additional shares of stock. - B) the issuance of bonds. C) net income. D) declaration of dividends. 15) Poodle Corporation was organized on January 3, 2021. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2021, Poodle had the following transactions relating to shareholders' equity: Issued 30,000 shares of common stock at $7 per share. Issued 20,000 shares of common stock at 58 per share. Reported net income of $100,000 Paid dividends of S50.000 What is total paid-in capital at the end of 2021? - A) $420,000 B) $370,000 C) $470,000 D) $320.000 16) As of December 31, 2021, Warner Corporation reported the following $ Cash dividends payable Treasury stock Paid-in capital-share repurchase Common stock and other paid-in capital accounts Retained earnings 20,000 600,000 20.000 4,000,000 3,000,000 What was shareholders' equity as of December 31, 2021? A) $7,020,000. B) $6,440,000 -C) $6,420,000. D) $6,400,000 17) Accumulated other comprehensive income: A) Is an asset. B) Might include gains and losses on certain investments -C) Includes accumulated net income. D) Is reported between assets and liabilities. 18) A statement of comprehensive income does not include: A) Net income. - B) Losses resulting from the return on pension assets exceeding expectations. C) Losses from changes in estimates regarding the PBO of pension plans. D) Prior service cost of pension plans. 19) The corporate charter sometimes is known as (a): A) Articles of incorporation. B) Statement of organization. C) By-laws. D) Registration statement