Quiz Ch 10 – T/F Reissuing Shares from Retired Stock
Financial Accounting
Thomas, Tietz, and Harrison
12th Edition
Reissued shares can come from retired stock.
Reissued shares can come from retired stock.
The market value per share equals the price-earnings ratio.
In the statement of cash flows, the financing activities section shows cash inflows from the sale of treasury stock.
A positive balance in Retained Earnings signifies that a company has earned more than its losses and declared dividends over its lifetime.
Retained Earnings debit balance account signifies a deficit in Retained Earnings.
Retained Earnings contain cash allocated for stockholder dividends.
A corporation is a separate legal entity from its owners.
The par value of a stock is of greater concern to stockholders than any other value.
The right to vote in the election of the board of directors is held by the stockholder.
Additional Paid-in Capital is an alternative name for Paid-in Capital in Excess of Par.