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
Organization and Operation of Corporations
Organization and Operation of Corporations MCQs
Which feature is NOT an advantage to the corporate form of ownership?
Separate legal entity
Limited liability of the owners.
Mutual agency exists.
Continuity of life of the entity.
A shareholder who holds over 80% of the common shares cannot:
sell the shares to other parties.
be chairman of the board and company president at the same time.
elect all of the members of the board of directors.
bind the corporation to a contract with a third party.
Which is not a feature of the corporate form of ownership?
Adherence to generally accepted accounting principles.
The costs of establishing a corporation and getting it ready to provide the services, or sell or manufacture the product, for which it is being formed...
minimum legal capital.
The authority to declare dividends is given to the:
board of directors.
employees of the corporation.
An arbitrary value placed on shares at the time of its original issue is:
Which of the following is not a right of common shareholders?
Vote at shareholder meetings.
Sell or otherwise dispose of their shares.
Share equally with all other shareholders in any dividends.
A corporation issued 10,000 shares of common stock for $40 per share. The journal entry to record the issue of the shares would include:
a credit to Gain On The Sale of Common Shares, $400,000.
a cr. to Contributed Cap. in Excess of Par, Common Shares, $400,000.
a credit to Common Shares, $400,000.
a credit to Common Shares, $40,000.
Which type of stock has the right to receive dividends forfeited in prior years, should earnings become adequate.
cumulative preferred shares
participating preferred shares
convertible preferred shares
callable preferred shares
Unpaid cash dividends on preferred shares that must be paid before any cash dividend can be declared and issued to the common shares are called:
money in the bank.
dividends in arrears.
Whenever the dividend rate on preferred shares is less than the rate the corporation earns on its operations, then:
the rate earned by the common shareholders decreases.
the rate earned by the common shareholders increases.
the market price of the common shares decreases.
the market price of the preferred shares increases.
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