Which classification of stock is considered residual equity? Select one: A. Preferred Stock B. Common Stock C. Treasury Stock D. All classifications Question 2 Not yet answered Points out of 1 Not flaggedFlag question Question text Which classification of stock is reported as a contra account to Stockholders Equity? Select one: A. Preferred Stock B. Common Stock C. Treasury Stock D. All classifications Question 3 Not yet answered Points out of 1 Not flaggedFlag question Question text Which classification of stock normally does not receive dividends? Select one: A. Preferred Stock B. Common Stock C. Treasury Stock D. All classifications Question 4 Not yet answered Points out of 1 Not flaggedFlag question Question text Earnings per Share calculations; Select one: A. Apply to preferred stock B. Apply to weighted average shares of common stock C. Are concerned only with stock events that have actually occurred during the year. D. Include all potentially dilutive securities. Question 5 Not yet answered Points out of 1 Not flaggedFlag question Question text Which classification of stock can carry a conversion option? Select one: a. Preferred Stock b. Common Stock c. Treasury Stock d. all classifications Question 6 Not yet answered Points out of 1 Not flaggedFlag question Question text What would be true of the journal entry made to issue 10,000 shares of 6% $100 par Preferred Stock for a total of $ 1,500,000. Select one: a. The Preferred Stock account would be increased by $1,500,000. b. The Cash account would be increased by $1,500,000. c. The Preferred Stock would be automatically convertible and cumulative. d. Preferred stockholders are guaranteed their dividend each year. Question 7 Not yet answered Points out of 1 Not flaggedFlag question Question text Which one of the following items is not a component of contributed capital? Select one: a. Retained Earnings b. Preferred Stock c. Common Stock d. Additional Paid in Capital Next