University of Maryland University College ACCT311 Intermediate Accounting II Spring 2016

Jun 30th, 2016
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University of Maryland University College ACCT311 Intermediate Accounting II Spring 2016 Comprehensive Final Examination 1. Callable bonds a. can be redeemed by the issuer at some time at a pre-specified price. b. can be converted to stock. c. mature in a series of payments. d. None of these is correct. 2. The net amount of a bond liability that appears on the balance sheet is the a. call price of the bond plus bond discount or minus bond premium. b. face value of the bond plus related premium or minus related discount. c. face value of the bond plus related discount or minus related premium. d. maturity value of the bond plus related discount or minus related premium. 3. Which of the following shareholder rights is most commonly enhanced in an issue of preferred stock? a. The right to vote for the board of directors b. The right to maintain one's proportional interest in the corporation c. The right to receive a full cash dividend before dividends are paid to other class

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University of Maryland University College ACCT311 Intermediate Accounting II Spring 2016University of Maryland University CollegeACCT311 Intermediate Accounting IISpring 2016 Comprehensive Final Examination1. Callable bondsa. can be redeemed by the issuer at some time at a pre-specified price.b. can be converted to stock.c. mature in a series of payments.d. None of these is correct.2. The net amount of a bond liability that appears on the balance sheet is thea. call price of the bond plus bond discount or minus bond premium.b. face value of the bond plus related premium or minus related discount.c. face value of the bond plus related discount or minus related premium.d. maturity value of the bond plus related discount or minus related premium.3. Which of the following shareholder rights is most commonly enhanced in an issue of preferredstock?a. The right to vote for the board of directorsb. The right to maintain one's proportional interest in the corporationc. The right to receive a full cash dividend before dividends are paid to other classes of Stockd.. The right to vote on major corporate issues4. How would the declaration of a 10 percent stock dividend by a corporation affect each of thefollowing on its books?Retained Total StockEarnings holders' Equitya. Decrease No effectb. Decrease Decreasec. No effect Decreased. No effect No effect5. Which of the following taxes is not included in the payroll tax expense of the employer?a. State unemployme

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