Answer Happy

1 2 1 point Identify if the corporate characteristic is an advantage or disadvantage. Advantage 3 Possible answers Continuous life No Answers Chosen Government Regulation i Date of payment Date of declaration Taxation Disadvantage Limited Liability No Answers Chosen Ease of capital accumulation 1 point ABC Corporation issued 5,000 shares of $1 par common stock for $12,000. The entry to record this transaction would include Acredit to Common Stock for $12.000 A debit to Cash for $5,000 Acredit to Cash for $12,000 A credit to Paid-in Capital in Excess of Par for $7,000 1 point There are three important dates related to cash dividends. Which of the following does NOT require a journal entry? All of the choices require entries i Date of record 3

4 5 6 1 point Bubba Corporation has 10,000 shares of $ par common stock outstanding. The company enacts a 2 for 1 stock split. This will results in type your answer... shares outstanding at a type your answer... par value 1 point When preferred stock is cumulative, unpaid dividends that carry forward are called type your answer. 1point What type of account is Treasury Stock? expense asset contra equity Olability G Submit