
acctng 2 finals
Quiz
•
Business
•
University
•
Practice Problem
•
Hard
Noel Ramos
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28 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The sum of a company’s earnings over a period of time after deducting dividends.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is the total capital of the partnership after considering capital credits given to each of the partners.
Total Contributed Capital
Total Partnership Capital
Total capital
Total Agreed Capital
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Shares can be issued at an amount _______________,
equal to its par value
higher than its par value
lower than its par value
either a or b
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
I. Date of Record II. Date of Payment III. Date of Declaration
In relation to corporate dividends, arrange the above dates in chronological order.
I, II, III
II, III, I
III, I, II
III, II, I
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
This is the process whereby assets are realized on a piecemeal basis and cash is distributed to partners on a periodic basis as it becomes available even before all non-cash assets are realized.
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
This is prepared every time the partnership plan to distribute cash during an installment liquidation.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The entry to record a donation of equipment from an external donor includes ____.
a debit to donated capital account
a credit to donated capital account
a debit to donated income account
a credit to donated income account
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