ACAMS Practice Questions
Accounting Cycle and Classifying Accounts
Accounting for Merchandising Activities
Accounting for Pensions
Accounting Information Systems
Activity Based Costing
Adjusting Accounts for Financial Statements
Analysis and Forecasting Techniques
Analyzing and Recording Transactions
Auditing and Attestation
Bonds and Long Term Notes Payable
Business Organisations and Environment
Business Process Performance
California Real Estate
Changes in Accounting Principles
Changing Marketing Environment
Consolidated Financial Statements
Cost Accumulation Systems
Cost Allocation Techniques
Cost of Capital
Currency Exchange Rates
Customer Relationships and Value
CVP Analysis and Marginal Analysis
Derivative Instruments and Hedging Activities
Dividends, Shares, and Income
Ethical and Professional Standards
Ethics and Social Responsibility
Ethics for Management Accountants
Federal Securities Acts
Financial Decision Making
Financial Markets and Securities Offerings
Financial Statements and Accounting Transactions
Florida Real Estate MCQs
Fundamental Accounting Principles
Global Marketing and World Trade
Governmental Accounting State and Local
Human Resource Management
Insurance and Risk Management
Interactive Marketing and Electronic Commerce
Internal Auditing and Systems Controls
Internal Control and Cash
Investment Risk and Portfolio Management
Job Order Costing
Long Term Investment
Long Term Securities
Managerial Accounting Concepts and Principles
Managing Products and Brands
Market Segmentation Targeting and Positioning
Marketing and Corporate Strategies
Mergers and Acquisitions
Not For Profit Accounting
Organization and Operation of Corporations
Organizational Markets and Buyer Behaviour
Principles and Practices of Management
Production and Operations Management
Profitability Analysis and Analytical Issues
Property Plant and Equipment
Reporting and Analyzing Cash Flows
Responsibility Accounting and Performance Measures
Risk and Procedures for Control
Short Term Financing
Short Term Investment
Standard Costs and Variance Analysis
Statement of Cash Flow
Statement of Comprehensive Income
Statement of Financial Position
System Analysis and Design
Texas Real Estate
Total Quality Management
Dividends, Shares, and Income
Dividends, Shares, and Income MCQs
Which is the order in which the dates related to cash dividends occur?
declaration, record, payment
payment, declaration, record
payment, record, declaration
record, declaration, payment
The Common Stock Dividend Distributable account is classified as a/an:
current liability account
shareholders’ equity account
long-term liability account
intangible asset account
Which of the following is true about the effects of a stock dividend?
Shareholders’ Equity: Decreases, Retained Earnings: No Change
Shareholders’ Equity: Decreases, Retained Earnings: Decreases
Shareholders’ Equity: No Change, Retained Earnings: Decreases
Shareholders’ Equity: No Change, Retained Earnings: No Change
A stock split will
increase the number of shares outstanding
decrease the amount of contributed capital
increase the amount of contributed capital
decrease retained earnings
Which of the following is not a reason for a corporation to acquire its own shares of stock?
To use them as compensation to employees.
To avoid a hostile takeover by investors seeking control.
To help shareholders get a better price for outstanding shares.
To increase the assets of the corporation.
Which of the following accounts would not be classified as a contributed capital account?
Contributed Capital, Common Shares
Treasury Shares, Common
Stock Dividends Distributable
Contributed Capital, Preferred Shares
Which of the following is true?
Treasury shares receive cash dividends.
Treasury shares must be sold for more than its cost.
Treasury shares are unissued shares of the corporation.
The purchase of treasury shares reduces shareholders’ equity.
Jute Enterprises issues 10,000 shares of common stock on January 1, 2002 at $12 per share. On June 30, 2002, a 10% stock dividend is declared. The mar...
debit to retained earnings for $120,000
debit to retained earnings for $12,000
debit to retained earnings for $150,000
debit to retained earnings for $15,000
Which of the following events might be considered as extraordinary?
Gains and losses from retiring debt.
Gains or losses from exchanging foreign currencies.
Gains or losses from disposing of a business segment.
Effects of a labor action against a major supplier of materials.
Company A has a simple capital structure of 100,000 shares of $10 par common shares, no preferred shares, and retained earnings of $750,000. The compa...
Net income for the period totaled $55,000, preferred dividends paid totaled $10,000, and common dividends paid totaled $30,000. If there were 100,000 ...
From January 1 to May 31, Company A had 7,000 shares outstanding. From June 1 to October 31, the company had 8,000 shares outstanding. From November 1...
From January 1 to May 31, Company A had 4,800 shares outstanding. From June 1 to October 31, the company had 5,220 shares outstanding. From November 1...
Which of the following is NOT true with regard to appropriations of retained earnings?
They will restrict the amount of possible cash dividends.
They may be required because of contractual obligations.
They may be made at the discretion of the board of directors.
They require setting aside a reserve of cash for the appropriations.
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