Accounting 2: Chapter 9 Test Review

Accounting 2: Chapter 9 Test Review

Assessment

Flashcard

Business

11th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

Student preview

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5 questions

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1.

FLASHCARD QUESTION

Front

The people elected by stockholders to manage the corporation are ____.

Back

board of directors

2.

FLASHCARD QUESTION

Front

Brand, Inc. issued 400 shares of $45 par preferred stock at $50. How much cash was received?

Back

$20,000

3.

FLASHCARD QUESTION

Front

Brand, Inc. issued 300 shares of $40 par preferred stock at $38. How much cash was received?

Back

$11,400

4.

FLASHCARD QUESTION

Front

What is the value assigned to a share of stock and printed on the stock certificate?

Back

par value

5.

FLASHCARD QUESTION

Front

When only one type of stock is issued what kind is it?

Back

Common

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