13. The ability of a corporation to obtain capital isa. less than a pa

13. The ability of a corporation to obtain capital isa. less than a partnership.b. about the same as a partnership.c. restricted because of the limited life of the corporation.d. enhanced because of limited liability and ease of share transferability.14. Stockholders’ equitya. is usually equal to cash on handb. includes paid-in capital and liabilitiesc. includes retained earnings and paid-in capitald. is shown on the income statement15. The two ways that a corporation can be classified by ownership area. stock and non-stock.b. inside and outside.c. majority and minority.d. for profit or not-for-profit.16. The par value per share of common stock representsa. the minimum selling price of the stock established by the articles of incorporation.b. the minimum amount the stockholder will receive when the corporation is liquidatedc. an arbitrary amount established in the articles of incorporationd. the amount of dividends per share to be received each year17. Which of the following accounts below is reported in the paid-in capital/stockholders’ equity section of the corporate balance sheet?a. Cashb. Stock Dividendsc. Organizational Expensesd. Preferred Stock18. The authorized stock of a corporationa. must be recorded in a formal accounting entry.b. only reflects the initial capital needs of the company.c. is indicated in its by-laws.d. is indicated in its charter.19. The date on which a cash dividend becomes a binding legal obligation is on thea. declaration date.b. date of record.c. payment date.d. last day of the fiscal year end.

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13. The ability of a corporation to obtain capital isa. less than a pa

13. The ability of a corporation to obtain capital isa. less than a partnership.b. about the same as a partnership.c. restricted because of the limited life of the corporation.d. enhanced because of limited liability and ease of share transferability.14. Stockholders’ equitya. is usually equal to cash on handb. includes paid-in capital and liabilitiesc. includes retained earnings and paid-in capitald. is shown on the income statement15. The two ways that a corporation can be classified by ownership area. stock and non-stock.b. inside and outside.c. majority and minority.d. for profit or not-for-profit.16. The par value per share of common stock representsa. the minimum selling price of the stock established by the articles of incorporation.b. the minimum amount the stockholder will receive when the corporation is liquidatedc. an arbitrary amount established in the articles of incorporationd. the amount of dividends per share to be received each year17. Which of the following accounts below is reported in the paid-in capital/stockholders’ equity section of the corporate balance sheet?a. Cashb. Stock Dividendsc. Organizational Expensesd. Preferred Stock18. The authorized stock of a corporationa. must be recorded in a formal accounting entry.b. only reflects the initial capital needs of the company.c. is indicated in its by-laws.d. is indicated in its charter.19. The date on which a cash dividend becomes a binding legal obligation is on thea. declaration date.b. date of record.c. payment date.d. last day of the fiscal year end.

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