Quiz Ch 10 – T/F Significance of Par Value for Stockholders
Financial Accounting
Thomas, Tietz, and Harrison
12th Edition
The par value of a stock is of greater concern to stockholders than any other value.
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.
If a corporation pays income taxes, its stockholders are not required to pay taxes on the dividends received.
Under U.S. GAAP, companies are not allowed to supplement employee salaries by granting shares of stock instead of cash.
A corporation uses its name rather than the names of its stockholders.
What type of balance does treasury stock have and how does it compare to other stockholders’ equity accounts?
What does double taxation refer to?
What is a preferred stock?
What are the effects of a small stock dividend on financial statements?