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WorksheetsABDB UPASS Session 2
Total questions: 6
Worksheet time: 3mins
Name
Class
Date
1.
What is NOT a characteristic of a company?
a)
Unlimited liability of owners
b)
Ability to raise capital
c)
Separate legal entity
d)
Dividend imputation
2.
When a cash dividend is declared what account is credited?
a)
Retained Earnings
b)
Cash
c)
Income Summary
d)
Dividends payable
3.
True or False?
Share buybacks reduce Ordinary Share Capital.
(a)
4.
Dividends declared during the year are reported on the...
a)
Balance Sheet
b)
Income Statement
c)
Statement of Changes in Equity
d)
Cash Flow Statement
5.
True or False?
A company that declares a 2-for-1 split halves its total amount of shares.
(a)
6.
How did you find this topic?
a)
Easy
b)
Challenging but doable
c)
Impossible
d)
Okay
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