DEVRY ACCT312 WEEK 3 QUIZ LATEST 2016

| June 14, 2018

Question 1.1. (TCO 4) The common stock account in a
company’s balance sheet is measured as (Points : 4)
the number
of common shares outstanding multiplied by the stock’s par value per share.
the number of
common shares outstanding multiplied by the stock’s current market value per
share.
the number of
common shares issued multiplied by the stock’s par value per share.
None of the
above

Question 2.2. (TCO 4) Issued stock refers to the number of
shares (Points : 4)
issued for cash.
in the hands
of shareholders.
outstanding
plus treasury shares.
that may be
issued under state law.

Question 3.3. (TCO 4) Our company declared a property
dividend to give m

our company
would have 100 million shares, $8 par per share.
the market
price per share would be about $2.
fractional
shares would be issued.
retained
earnings would be reduced.

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