Accounting exam help please?
Over the term of the bonds, the balance in the Discount on Bonds Payable account will
B fluctuate up and down if the market is volatile.
D be unaffected until the bonds mature.
Dividends in arrears are dividends on
A cumulative preferred stock that have been declared but have not been paid.
B common dividends that have been declared but have not yet been paid.
C non-cumulative preferred stock that have not been declared for a given period of time.
D cumulative preferred stock that have not been declared for a given period of time.
Blue Spruce Corp. has $25000 of dividends in arrears. Based on this information, which of the following statements is false?
A The amount of dividends in arrears should be disclosed in the notes to the financial statements.
B Dividends in arrears are not considered to be liabilities.
C The investment community looks favorably on companies with dividends in arrears, since the money is redirected toward more important growth opportunities.
D An obligation for dividends in arrears exists only after the board of directors declares payment.
Treasury Stock is a(n)
A contra asset account.
B asset account.
C contra stockholders' equity account.
D retained earnings account.
Which of the following statements regarding the date of a cash dividend declaration is not accurate?
- Don GLv 76 months ago
A - A - A - C - ?