Accounting Chapter 14

Accounting Chapter 14

9th - 12th Grade

32 Qs

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Accounting Chapter 14

Accounting Chapter 14

Assessment

Quiz

Life Skills

9th - 12th Grade

Medium

Created by

Matthew Miller

Used 5+ times

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32 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A stockholder is an owner of one or more shares of a corporation

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Owner's equity accounts for a corporation normally are listed under a major chart of accounts division titled Capital Stock

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Retained earnings are earnings distributed to stockholders

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A dividend is an amount earned by a corporation and not yet distributed to stockholders

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A dividend account has a normal debit balance and is increased by a debit.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A group of persons elected by the stockholders to manage a corporation is called a board of directors.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A board of directors distributes earnings of a corporation to stockholders by declaring a dividend

True

False

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