ACCO 112-Partial Test ll-workshop 7 Il. Exercise-Complete the following sentences. (30 points) has a separate Leant entange apart from its owners. feature of preferred stock gives the preferred stockholders the right to receive 2. The 3. The paid-in capital section of the balance sheet consists of two classifications: 4. Par value of stock represents the 5. If stock is issued in exchange for noncash assets, the assets should be valued at the current-year dividends and unpaid prior-year dividends before common stockholders receive any dividends and for the protection of corporate per share that must be retained in the busines of the consideration whichever is more clearly evident. or the assets . A gorporation\'s own stock that has been reacquired by the corporation but not canceled is called V. Exercise - Select the correct answer. (10 points) A $1,000 face value bond with a quoted price of 98 is selling for $1,000. 1000 y 981+-980 b) $980 c. $908 d. $98. A bond with a face value of $200,000 and a quoted price of 102% has a selling price of a. $240,225 b. $204,025 c $200,225 d$204,250 200,000 x 1031251,- 04,25 the market interest rate is 5%, a $10,000, 6%, 10-year bond that pays interest annually would sell amount a. less than face value. b equal to face value.
1. A corporation Has a Seperate Lega Entity apart from its owners
2.A participation feature provides preferred stockholders right to receive current year dividends as well as last year unpaid dividends.
3.CapitalStock and Additional paid in capital stock comprises Paid In capital section of Balance Sheet
4.The par value of a stock represents the minimum amount that must be paid per share that must be retained for the protection of Companies Creditors.
5. If stock is issued for a noncash asset, the asset should be recorded at fair value of the asset received or the assets Market value whichever is evident.
6.Treasury stock is the corporation\'s own capital stock that it has issued and then reacquired; this stock has not been canceled and is legally available for reissuance
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