Quiz-8-Ch-15-16-ACC563

Apr 30th, 2015
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Strayer University
Course: business and management
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1 out of 1 points Under which of the theories of equity is a manager’s goals considered as important as those of the common stockholder. Answer Selected Answer: Commander theory. Correct Answer: Commander theory.

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Question 1 1 out of 1 pointsThe equation, assets = equities, expresses which of the following theories of equity?Answer Selected Answer: Entity theory.Correct Answer: Entity theory.Question 2 1 out of 1 pointsUnder which of the theories of equity is a managers goals considered as important as those of the common stockholder.Answer Selected Answer: Commander theory.Correct Answer: Commander theory.Question 3 1 out of 1 pointsWhen a stock option plan for employees is compensatory, the measurement date for determining compensation cost is theAnswer Selected Answer: First date on which are known both the number of shares than an individual employee is entitled to receive and the option or purchase price, if anyCorrect Answer: First date on which are known both the number of shares than an individual employee is entitled to receive and the option or purchase price, if anyQuestion 4 1 out of 1 pointsWhen a dividend paid to stockholders who own mandatorily redeemable preferred stock, the company must report the dividendAnswer Selected Answer: As an expense in the income statement.Correct Answer: As an expense in the income statement.Question 5 1 out of 1 pointsFor a compensatory stock option plan for which the date of grant and measurement date are the same, compensation cost should be recognized in the income statementAnswer Selected Answer: A

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