orporate board of directors does not generally Question 13 options: execute poli

Question

orporate board of directors does not generally

Question 13 options:

execute policy

declare dividends

formulate operating policies

select officers

If Year 1 equals $800, Year 2 equals $840, and Year 3 equals $920, the percentage to be assigned for Year 3 in a trend analysis, assuming that Year 1 is the base year, is

Question 14 options:

115%.

105%.

87%.

100%.

The Paid-In Capital in Excess of Par Value is increased in the accounting records when

Question 15 options:

the stated value of capital stock is greater than the par value

the number of shares issued exceed par value

the market value of the stock rises above par value

capital stock is issued at an amount greater than par value

If Pratt Company issues 1,000 shares of $5 par value common stock for $70,000, the account

Question 16 options:

Cash will be debited for $70,000

Paid-in Capital in Excess of Par Value will be credited for $70,000

Paid-in Capital in Excess of Par Value will be credited for $75,000

Common Stock will be credited for $65,000

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Question 17 (3 points)

The following data is available of BOX Corporation at December 31, 201X.
Common Stock, par $10 (authorized 15,000 shares)............. $100,000
Treasury Stock (at cost $15 per share).................................. $600
Based on the data, how many shares of common stock are outstanding?

Question 17 options:

14,960

15,000

9,960

10,000

execute policy

declare dividends

formulate operating policies

select officers

Explanation / Answer

13. execute policy

14 a 920/800*100=115%

capital stock is issued at an amount greater than par value

Cash will be debited for $70,000

10,000

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