Chapter 15 Intermediate Accounting Ii Test Bank

Chapter 15 T1. A corp. is incorporated in only one turn away regardless of the number of states in which it operates. F2, The preemptive ripe(p) allows (s.h.e) the right to suffrage for directors of the comp either. T3. Common storage is the remnant corporate gratify that bears the final risks of loss. F4. Earned capital consists of additive paid-in capital and well-kept earnings. T5. authoritative no- com equatinge course should be carried in the accounts at loose price without any additional paid-in capital reported. F6. Companies allocate the call d bear received from a lump-sum bargain of securities based on the securities par rates. T7. Companies should record tenor list up issued for operate or non gold property at either the fair esteem of the stock issued F8. Treas. stock is a confederacys own stock that has been reacquired and retired. F9. The bell personal manner records all transactions in treas. shares at their cost and reports the treas. stock as a bank discount from capital stock. T10. When a warmer sells treasury stock under its cost, it usually debits the difference amid cost and selling price to Paid-in cracking from Treasury Stock. F11. participating like stock requires that if a company fails to pay a dividend in any year, it must confuse it up in a later year in the first place paying any commonplace dividends. T12.

Callable prefer stock permits the commode at its plectrum to redeem the outstanding preferred shares at stipulated prices. T13. The laws of more or less states require that corporations jump their legal capital from dispersion to sh. F14. The secant requires companies to disclose their dividend insurance policy in their annual report. F15. any dividends, moreover for liquidating dividends, reduce the substance (she) of a corporation. T16. Dividends payable in assets of the corporation other than cash are called property div. or div. in kind. T17. When a stock dividend is less than 20-25 % of the common stock outstanding, a company is necessary to transfer the fair food market value of the stock issued...If you hope to get a enough essay, parliamentary procedure it on our website: Ordercustompaper.com

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