Accounting exam help please?

Over the term of the bonds, the balance in the Discount on Bonds Payable account will

A decrease.

B fluctuate up and down if the market is volatile.

C increase.

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?

1 Answer

Relevance
  • Don G
    Lv 7
    6 months ago

    A - A - A - C - ?

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