American Public University ACCT 300 Week 4 Quiz

Jun 23rd, 2016
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Question 1 of 20 5.0/ 5.0 Points Cash dividends are not paid on shares of treasury stock. A. True B. False Question 2 of 20 5.0/ 5.0 Points A fixed asset with a cost of $30,000 and accumulated depreciation of $25,000 is sold for $3,500. What is the amount of gain or loss on disposal of the fixed asset? A.$2,500 loss B.$1,500 loss C.$2,500 gain D.$1,500 gain Question 3 of 20 5.0/ 5.0 Points If a corporation issues only one class of stock, it is called: A. common stock. B. treasury stock. C. no-par stock. D. preferred stock. Question 4 of 20 5.0/ 5.0 Points The estimated amount that an asset can be sold for at the end of its useful life is called its book value. A. True B. False Question 5 of 20 5.0/ 5.0 Points The market interest rate related to a bond is also called the: A. stated interest rate. B. effective interest rate. C. contract interest rate. D. straight-line rate. Question 6 of 20 5.0/ 5.0 Points Physical depreciation occurs when cha

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American Public University ACCT 300 Week 4 QuizQuestion 1 of 20 5.0/ 5.0 PointsCash dividends are not paid on shares of treasury stock.A. TrueB. FalseQuestion 2 of 20 5.0/ 5.0 PointsA fixed asset with a cost of $30,000 and accumulated depreciation of $25,000 is sold for$3,500. What is the amount of gain or loss on disposal of the fixed asset?A.$2,500 lossB.$1,500 lossC.$2,500 gainD.$1,500 gainQuestion 3 of 20 5.0/ 5.0 PointsIf a corporation issues only one class of stock, it is called:A. common stock.B. treasury stock.C. no-par stock.D. preferred stock.Question 4 of 20 5.0/ 5.0 PointsThe estimated amount that an asset can be sold for at the end of its useful life is called itsbook value.A. TrueB. FalseQuestion 5 of 20 5.0/ 5.0 PointsThe market interest rate related to a bond is also called the:A. stated interest rate.B. effective interest rate.C. contract interest rate.D. straight-line rate.Question 6 of 20 5.0/ 5.0 PointsPhysical depreciation occurs when changes in customer needs causes a fixed asset to nolonger provide services for which it was intended.A. TrueB. FalseQuestion 7 of 20 5.0/ 5.0 PointsIf paid-in capital in excess of par-preferre

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