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Financial Accounting Final Exam
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  • 問題数 29 • 4/29/2024

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    問題一覧

  • 1

    Bonds are backed by collateral.

    Secured

  • 2

    Bonds are not backed by collateral.

    Unsecured

  • 3

    Bond issue matures on a single date.

    Term

  • 4

    Bond issue matures in installments.

    Serial

  • 5

    Issuing company can pay off bonds early.

    Callable

  • 6

    Investor can convert bonds to common stock.

    Convertible

  • 7

    If the stated interest rate is 8%, and the market interest rate is 10%…

    The bond will sell at a discount

  • 8

    Voting rights: common stock _____, Preferred stock ______, Bonds ______

    Yes, usually no, no

  • 9

    Risk to the investor: Common stock _____, Preferred stock ______, Bonds ______.

    Highest, middle, lowest

  • 10

    Expected return to the investor: Common stock _____, Preferred stock ______, Bonds ______.

    Highest, middle, lowest

  • 11

    Preference for dividends/interest: Common stock ______, Preferred stock ______, Bonds ______.

    Lowest, middle, highest

  • 12

    Preference in distribution of assets: Common stock ______, Preferred stock _____, bonds ______.

    Lowest, middle, highest

  • 13

    Tax deductibility of payments: Common stock _____, Preferred stock _____, Bonds _______.

    No, usually no, yes

  • 14

    1st step of Equity Financing

    Investment by the founders of the business

  • 15

    2nd step of Equity Financing

    Investment by friends and family of the founders

  • 16

    3rd Step of Equity Financing

    Investment by “angel” investors and venture capital firms

  • 17

    4th step of Equity Financing

    Initial public offering (IPO)

  • 18

    Advantages of a corporation?

    Limited liability, Abilty to raise capital and transfer ownership

  • 19

    Disadvantages of a corporation?

    Additional taxes, more paperwork

  • 20

    Shares available to sell (=issued + unissued)

    Authorized stock

  • 21

    Shares actually sold (=outstanding + treasury)

    Issued stock

  • 22

    Share issued and held by investors

    Outstanding stock

  • 23

    Shares issued and repurchased by the company

    Treasury stock

  • 24

    What is the effect on stock split and stock dividend with total stockholder’s equity?

    Stock split and stock dividend both do not change

  • 25

    What is the effect of stock split and stock dividends on common stock?

    Stock split does not change, stock dividend increases

  • 26

    What is the effect of a stock split and stock dividend on retained earnings?

    stock split does not change and stock dividend decreases

  • 27

    What is the effects of a stock split and stock dividend on par value per share?

    stock split decreases, stock dividend does not change

  • 28

    What is capital structure?

    Mixture of liabilities and stockholders’ equity a business uses

  • 29

    Voting rights: common stock _____, Preferred stock ______, Bonds ______

    Yes, usually no, no