acctng 2 finals

acctng 2 finals

University

28 Qs

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acctng 2 finals

acctng 2 finals

Assessment

Quiz

Business

University

Practice Problem

Hard

Created by

Noel Ramos

Used 1+ times

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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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