Accounting question !?
starocougne57tn

Seattle, WA

#1 Nov 19, 2013
Accounting question !?1.Under the equity method, the receipt of cash dividends on an investment in common stock of Vallerio Corporation is accounted for as a debit to Cash and a credit to
a. Investment in Vallerio
b.Retained Earnings
c.Dividend Revenue
d.Dividend Receivables

2.Com panies may report comprehensive income on each of the statements below except
a.income statement
b.separate statement of comprehensive income
c.statement of stockholders' equity
d.retained earnings statement

3.Bonds Payable has a balance of $1,000,000 and Premium on Bonds Payable has a balance of $7,000. If the issuing corporation redeems the bonds at 101, what is the amount of gain or loss on redemption?
a.$3,000 loss
b.$3,000 gain
c.$7,000 loss
d.$7,000 gain

4.One potential advantage of financing corporations through the use of bonds rather than common stock is
a.the interest on bonds must be paid when due
b.the corporation must pay the bonds at maturity
c.the interest expense is deductible for tax purposes by the corporation
d.a higher earnings per share is guaranteed for existing common shareholders

5.Free cash flow is cash from operations, less cash for
a.dividends and cash for fixed assets needed to maintain productivity
b.dividends and cash to redeem bonds payable
c.fixed assets needed to maintain productivity
d.dividends, cash for fixed assets needed to maintain productivity, and cash to redeem bonds payable
aleksandrszagaes ki41ch

Seattle, WA

#2 Nov 19, 2013
starocougne57tn wrote:
Accounting question !?1.Under the equity method, the receipt of cash dividends on an investment in common stock of Vallerio Corporation is accounted for as a debit to Cash and a credit to
a. Investment in Vallerio
b.Retained Earnings
c.Dividend Revenue
d.Dividend Receivables

2.Com panies may report comprehensive income on each of the statements below except
a.income statement
b.separate statement of comprehensive income
c.statement of stockholders' equity
d.retained earnings statement

3.Bonds Payable has a balance of $1,000,000 and Premium on Bonds Payable has a balance of $7,000. If the issuing corporation redeems the bonds at 101, what is the amount of gain or loss on redemption?
a.$3,000 loss
b.$3,000 gain
c.$7,000 loss
d.$7,000 gain

4.One potential advantage of financing corporations through the use of bonds rather than common stock is
a.the interest on bonds must be paid when due
b.the corporation must pay the bonds at maturity
c.the interest expense is deductible for tax purposes by the corporation
d.a higher earnings per share is guaranteed for existing common shareholders

5.Free cash flow is cash from operations, less cash for
a.dividends and cash for fixed assets needed to maintain productivity
b.dividends and cash to redeem bonds payable
c.fixed assets needed to maintain productivity
d.dividends, cash for fixed assets needed to maintain productivity, and cash to redeem bonds payable.
This site can help you finding the best option for you:@www.credit-solutions.info

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Lyndhurst Discussions

Title Updated Last By Comments
Black BWW Road Rage Jul 6 Black BMW Road Rage 1
What to do Jun '17 Saywhat 1
Has anyone heard about this Trump Fortunes comp... May '17 HarleyAllTheWay78 1
Matt Kirby May '17 Needs to know 1
IF someone has my full name, phone number, date... (Dec '13) Dec '13 alfredatuognstana... 2
Yahoo is asking me for a new e-mail,is this a s... (Dec '13) Dec '13 wekyvinemel 2
Favorite bank and least favorite bank?!?!? (Dec '13) Dec '13 xusydofevid 2

Lyndhurst Jobs

More from around the web

Personal Finance

Lyndhurst Mortgages