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UTA Accounting 2301 Ch 13 QUESTIONS AND ANSWERS RATED A+ 2024/2025
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UTA Accounting 2301 Ch 13 QUESTIONS AND ANSWERS RATED A+ 2024/2025
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UTA Accounting 2301 Ch 13Authorized stock - ANSThe maximum range of shares of stock that the company charter permits
the employer to issue.
Stock certificates - ANSPaper proof of ownership in a agency.
Preemptive proper - ANSStockholders' *proper* to preserve their *proportionate ownership* in
the employer.
*Preferred* inventory - ANSStock that gives its owners certain *advantages* over common
stockholders.
Paid-in capital - ANSRepresents amounts acquired from stockholders of a organization in
change for Stock
Which characteristic of a employer is adisadvantage? - ANSA. Mutual agency
B. Limited legal responsibility
*C.* Double taxation
D. None are disadvantages.
Answer is *C* Double taxation
The fundamental sources ofstockholders' equity are________ and _________. - ANSA.
Retained income and dividends.
*B.* paid-in capital and retained profits.
C. Belongings and fairness.
D. Desired and common.
Answer: *B*, Paid-in Capital and Retained Earnings.
Suppose Yummy Treats Bakery issues common inventory in alternate for a constructing.
Yummy Treats Bakery ought to file the building at ____________. - ANSA. A price assigned
with the aid of the board of administrators.
B. The par fee of the stock given.
*C.* its market fee.
D. Its e-book value.
Answer: *C*, its market cost.
Treasury Stock - ANSA company's own inventory that has formerly been issued and later
reacquired (*re-bought*) be the corporation.
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