Acc 202 Which of the following does not accurately describe Total Stockholder’s Equity? Represents the portion...
Acc 202
- Which of the following does not accurately describe Total
Stockholder’s Equity?
- Represents the portion of business assets not claimed by creditors
- Represents the value of ownership for stockholders
- Includes common stock and retained earnings
- Represents how much capital has been generated through issuance of stock
- All of the following accurately describe retained earnings
except…
- The portion of total equity that is earned through profitable operations
- The accumulation of undistributed net income
- The portion of equity that is generated through issuing stock
- The portion of equity from which dividends are distributed/paid
- All of the following accurately describe the common stock
account except….
- Is the source for distribution and payment of dividends
- Represents the portion of equity generated through issuance of stock
- Is a contributed form of capital
- Is added to Retained Earnings to determine Total Stockholder’s Equity
- Which of the following statements about outstanding stock is
not true?
- Represents shares held by stockholders
- Includes treasury stock
- Represents 100% ownership in corporate capital
- Is the different between total shares issued less any shares in treasury stock
- All of the following accurately describe common stock except:
- Carries a fixed dividend rate
- Carries voting rights
- Represents ownership in corporate capital
- Is not typically issued at par value
Homework Answers
| A | Total Stockholders Equity does not necessarily mean that the assets are not claimed by creditors as there are other parts of | |||||
| liabilities which may be not claimed by creditors | ||||||
| So Option 1 is the answer | ||||||
| B | The Portion of equity that is generated by issuing stock is outstanding shares and not retained earnings | |||||
| So Option 3 is the answer | ||||||
| C | Retained earnings is the source from which dividend is paid and not common stock | |||||
| So Option 1 is the answer | ||||||
| D | Outstanding stock is excluding the Treasury Stock | |||||
| So Option 2 is the answer | ||||||
| E | Common stock does not carry fixed dividend rate unlike preferred shares | |||||
| So Option 1 is the answer | ||||||
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Acc 202
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