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About this document
- Pages
- 3 pages
- Price
- $3 one-time, yours to keep
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- Format
- Subject
- Accounting
- Module
- Chapter 14
This document contains multiple-choice questions on contributed capital, including par value, legal capital, dividends in arrears, and treasury stock. It is useful for students preparing for Chapter 14 of their accounting course.
What's inside
- Disadvantages of the corporate form of business
- Characteristics of common stock
- Par value and legal capital
- Start-up and organizational costs of a corporation
- Issued, outstanding, and treasury shares
- Dividends in arrears and stockholders' equity
Who it is for: Students taking an accounting course covering contributed capital. (Undergraduate)
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Summary
Contributed capital is money that shareholders give to a corporation. This document covers the accounting of contributed capital in corporations. It explains key terms and concepts and asks questions about them.
Multiple Choice Questions
The first part is multiple choice questions about the corporate form of business. It asks about the disadvantages of corporations. It asks about common stock and par value.
Start-up and organizational costs
The next part asks about the accounting treatment of start-up and organizational costs. It asks about the relationship between issued, outstanding, and treasury shares.
Stockholders’ equity section
The next part asks about the stockholders’ equity section of a corporation’s balance sheet. It asks about the accounting treatment of dividends in arrears.
Dividends and stock
The final part asks about the accounting treatment of dividends. It asks about the characteristics of preferred stock and treasury stock.
Key terms
- Contributed capital
- Money that shareholders give to a corporation.
- Par value
- The legal capital established for a share of stock.
- Treasury stock
- Issued shares that have been bought back by the corporation and are being held by the corporation.
- Legal capital
- The par value of a corporation's stock.
- Dividends in arrears
- Unpaid dividends on cumulative preferred stock.
- Preferred stock
- A class of stock that has priority over common stock in receiving dividends and assets.
Questions this document helps with
- What are the disadvantages of the corporate form of business?
- How do you account for start-up and organizational costs?
- How are dividends recorded in the accounting records?
Summary written with AI from the document's text.
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