Stock Par value is an arbitrary amount assigned to each share of a given class of stock and printed on the stock certificate.Select one:TrueFalseQuestion 2Not yet answeredMarked out of 1.00Not flaggedFlag questionQuestion text(T / F) Capital stock authorized is the maximum number of shares of stock that a corporation can issue as designated in its charter.Select one:TrueFalseQuestion 3Not yet answeredMarked out of 1.00Not flaggedFlag questionQuestion text(T / F) Capital stock issued is the number of shares of stock that have been sold and issued to stockholders. Capital stock issued includes any Treasury Stock.Select one:TrueFalseQuestion 4Not yet answeredMarked out of 1.00Not flaggedFlag questionQuestion text(T / F) Capital stock outstanding is the number of authorized shares of stock that have been issued and that are still currently held by stockholders. Capital stock outstanding excludes any Treasury Stock.Select one:TrueFalseQuestion 5Not yet answeredMarked out of 1.00Not flaggedFlag questionQuestion text(T / F) The return on average common stockholders’ equity equals net income available to common stockholders divided by average common stockholders’ equity.Select one:TrueFalseQuestion 6Not yet answeredMarked out of 1.00Not flaggedFlag questionQuestion text(T / F) Paid-in capital is presented in the stockholders’ equity section of the balance sheet. Each source of paid-in capital is listed separately.Select one:TrueFalseQuestion 7Not yet answeredMarked out of 1.00Not flaggedFlag questionQuestion text(T / F) Extraordinary items are both usual and interesting in nature. Extraordinary items appear on the income statement (net-of-tax effect) as part of Income from continuing operations .Select one:TrueFalseQuestion 8Not yet answeredMarked out of 1.00Not flaggedFlag questionQuestion text(T / F) Income available to common stockholders is net income plus any dividends on preferred stock.Select one:TrueFalseQuestion 9Not yet answeredMarked out of 1.00Not flaggedFlag questionQuestion text(T / F) The retained earnings balance of a corporation is part of its paid-in capital.Select one:TrueFalseQuestion 10Not yet answeredMarked out of 1.00Not flaggedFlag questionQuestion text(T / F) The purchase of treasury stock does not affect stockholders’ equity.Select one:TrueFalse

Stock Par value is an arbitrary amount assigned to each share of a given class of stock and printed on the stock certificate.Select one:TrueFalseQuestion 2Not yet answeredMarked out of 1.00Not flaggedFlag questionQuestion text(T / F) Capital stock authorized is the maximum number of shares of stock that a corporation can issue as designated in its charter.Select one:TrueFalseQuestion 3Not yet answeredMarked out of 1.00Not flaggedFlag questionQuestion text(T / F) Capital stock issued is the number of shares of stock that have been sold and issued to stockholders. Capital stock issued includes any Treasury Stock.Select one:TrueFalseQuestion 4Not yet answeredMarked out of 1.00Not flaggedFlag questionQuestion text(T / F) Capital stock outstanding is the number of authorized shares of stock that have been issued and that are still currently held by stockholders. Capital stock outstanding excludes any Treasury Stock.Select one:TrueFalseQuestion 5Not yet answeredMarked out of 1.00Not flaggedFlag questionQuestion text(T / F) The return on average common stockholders’ equity equals net income available to common stockholders divided by average common stockholders’ equity.Select one:TrueFalseQuestion 6Not yet answeredMarked out of 1.00Not flaggedFlag questionQuestion text(T / F) Paid-in capital is presented in the stockholders’ equity section of the balance sheet. Each source of paid-in capital is listed separately.Select one:TrueFalseQuestion 7Not yet answeredMarked out of 1.00Not flaggedFlag questionQuestion text(T / F) Extraordinary items are both usual and interesting in nature. Extraordinary items appear on the income statement (net-of-tax effect) as part of Income from continuing operations .Select one:TrueFalseQuestion 8Not yet answeredMarked out of 1.00Not flaggedFlag questionQuestion text(T / F) Income available to common stockholders is net income plus any dividends on preferred stock.Select one:TrueFalseQuestion 9Not yet answeredMarked out of 1.00Not flaggedFlag questionQuestion text(T / F) The retained earnings balance of a corporation is part of its paid-in capital.Select one:TrueFalseQuestion 10Not yet answeredMarked out of 1.00Not flaggedFlag questionQuestion text(T / F) The purchase of treasury stock does not affect stockholders’ equity.Select one:TrueFalse