Question 1

________ is the amount of income earned per share of a company's outstanding common stock.

Accepted Answer

The answer of ________ is the amount of income earned...

Question 2

____________is the annual amount of cash dividends per share distributed to common shareholders relative to the stock's market price.

Accepted Answer

The answer of ____________is the annual amount of cash dividends...

Question 3

________ is the stockholders' equity applicable to common shares divided by the number of common shares outstanding.

Accepted Answer

The answer of ________ is the stockholders' equity applicable to...

Question 4

The least amount that the buyers of stock must contribute to the corporation or be subject to paying at a future date is called ________.

Accepted Answer

The answer of The least amount that the buyers of...

Question 5

_________is a general term that refers to any shares issued to obtain owner financing in a corporation.

Accepted Answer

The answer of _________is a general term that refers to...

Question 6

When preferred stock is cumulative and the directors either do not declare a dividend to preferred stockholders or declare one that does not cover the total amount of cumulative dividends, the unpaid amount is called ________.

Accepted Answer

The answer of When preferred stock is cumulative and the...

Question 7

Stock not assigned a value per share by the corporate charter, allowing it to be issued at any price without the possibility of a minimum legal capital deficiency, is called___________ .

Accepted Answer

The answer of Stock not assigned a value per share...

Question 8

________ are corrections of material errors in prior period financial statements.

Accepted Answer

The answer of ________ are corrections of material errors in...

Quiz 13: Accounting for Corporations