FAR 7 Q 1 A

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Author:
Joens1313
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225257
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FAR 7 Q 1 A
Updated:
2013-06-28 01:52:01
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FAR
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FAR 7 Q 1 A
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  1. on jan 15th year 1 rico declared its annual cash dividend on common stock for the year ended jan 31 year 1 dividend was paid on feb 9 year 1 to stockholders of record as of jan 28th year 1.  on what date should rico decrease retained earnings by the amount of the dividend
    jan 15th  year 1
  2. the ------------------- is the date the board of directors formally approves a dividend.  A liability is created and retained earnings is reduced
    date of declaration
  3. the date of declaration is the date the -------------------------- formally approves a dividend.  A liability is created and retained earnings is reduced
    board of directors
  4. the date of declaration is the date the board of directors formally approves a dividend.  A ----------------- is created and retained earnings is reduced
    liability
  5. the date of declaration is the date the board of directors formally approves a dividend.  A liability is created and ------------------ is reduced
    retained earnings
  6. ---------------------------------- are deducted from retained earnings at market value on the date of declaration
    property dividends
  7. Property dividends are deducted from retained earnings at market value on the --------------------------------
    date of declaration
  8. Property dividends are deducted from retained earnings at --------------------- on the date of declaration
    market value
  9. when a company declares  cash dividend retained earnings is decreased by the amount of the dividend on the --------------------- by the board of directors
    date of declaration
  10. there is ------------------- on the purchase and or sale of treasury stock.  any difference goes to paid in capital or if there is not enough paid in capital to absorb a loss the loss would be debited from retained earnings.
    no gain
  11. there is no gain on the purchase and or sale of treasury stock.  any difference goes to ---------------------- or if there is not enough paid in capital to absorb a loss the loss would be debited from retained earnings.
    paid in capital
  12. there is no gain on the purchase and or sale of treasury stock.  any difference goes to paid in capital or if there is not enough paid in capital to absorb a loss the loss would be --------------- from retained earnings.
    debited
  13. there is no gain on the purchase and or sale of treasury stock.  any difference goes to paid in capital or if there is not enough paid in capital to absorb a loss the loss would be debited from -------------------------.
    retained earnings
  14. there is no gain on the purchase and or sale of ----------------------.  any difference goes to paid in capital or if there is not enough paid in capital to absorb a loss the loss would be debited from retained earnings.
    treasury stock
  15. the primary purpose of a ---------------------- is to eliminate a retained earnings deficit
    quasi reorganization
  16. the primary purpose of a quasi reorganization is to eliminate a --------------------- deficit
    retained earnings

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