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APU ACCT300 week 7 Final Quiz
Category : Business
Posted on 12/20/2015 at 9:02:22 PM
 
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APU ACCT300 week 7 Final Quiz
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Posted on 12/20/2015 at 9:02:23 PM
 
Posted By : Bestmind
   
 
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Question Question 1 of 40 2.5 Points In using the total cost concept of applying the cost-plus approach to product pricing, only profit is covered in the markup. True False Question 2 of 40 2.5 Points What is the effect of a stock dividend on the balance sheet? A. Decrease total assets and decrease total stockholders’ equity B. Decrease total assets and increase total stockholders’ equity C. Increase total liabilities and decrease total stockholders’ equity D. No effect on total assets, total liabilities, or total stockholders’ equity Question 3 of 40 2.5 Points Hodges, Inc. had the following assets and liabilities as of September 30, 2013: Assets - $56,327 and Liabilities - $28,416. If assets increased by $3,914 and equity increased by $2,290 during October, what is the increase or decrease in liabilities of Hodges as of October 31, 2013? A.($1,624) B.$1,624 C.$6,204 D.($6,204) Question 4 of 40 2.5 Points In computing the rate earned on total assets, interest expense is added to net income before dividing by average total assets. A. True B. False Question 5 of 40 2.5 Points Cash dividends are not paid on shares of treasury stock. A. True B. False Question 6 of 40 2.5 Points Earnings per common share is one factor that influences the decision to use debt financing or equity financing. A. True B. False Question 7 of 40 2.5 Points Which of the following is a reason to undergo a reverse stock split? A. To reduce the stock’s market price per share. B. To increase total stockholders’ equity. C. To reduce total stockholders’ equity. D. To increase the market value of the stock per share. Question 8 of 40 2.5 Points A voucher: A. is received from customers to explain the purpose of a payment B. is normally prepared in th

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