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MCQs

Total Questions : 932 | Page 90 of 94 pages
Question 891. What represents the ownership of stockholders who have a residual claim on the assets of the corporation after all other claims have been settled ?
  1.    Authorized capital stock
  2.    Preferred stock
  3.    Incorporator stock
  4.    Common stock
 Discuss Question
Answer: Option D. -> Common stock
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 892. The amount of company’s profit that the board of directors of the corporation decides to distribute to ordinary shareholders is called ___________________?
  1.    Dividend
  2.    Return
  3.    Share of stock
  4.    Equity
 Discuss Question
Answer: Option A. -> Dividend
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 893. The profit derived from a project or business enterprise without consideration of obligations to financial contributors and claims of others based on profit is known as _____________________?
  1.    Yield
  2.    Economic return
  3.    Earning value
  4.    Gain
 Discuss Question
Answer: Option B. -> Economic return
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 894. __________________ is the element of value which a business has earned through the favorable consideration and patronage of its costumers arising from its well known and well conducted policies and operations?
  1.    Status company
  2.    Big income
  3.    Known owners
  4.    Goodwill
 Discuss Question
Answer: Option D. -> Goodwill
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 895. What refers to the interest rate at which the present work of the cash flow on a project is zero of the interest earned by an investment ?
  1.    Economic return
  2.    Yield
  3.    Rate of return
  4.    Return of investment
 Discuss Question
Answer: Option C. -> Rate of return
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 896. Lands, buildings, plants and machineries are example of what type of asset ?
  1.    Current asset
  2.    Trade investment asset
  3.    Fixed asset
  4.    Intangible asset
 Discuss Question
Answer: Option C. -> Fixed asset
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 897. Which of the following is an example of intangible asset ?
  1.    Cash
  2.    Investment in subsidiary companies
  3.    Furnitures
  4.    Patents
 Discuss Question
Answer: Option D. -> Patents
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 898. What is used to record historical financial transactions ?
  1.    Bookkeeping system
  2.    Ledger system
  3.    Balance check
  4.    General journal system
 Discuss Question
Answer: Option A. -> Bookkeeping system
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 899. What is an accounting term that represents an inventory account adjustment ?
  1.    Cost of goods sold
  2.    Cost accounting
  3.    Standard cost
  4.    Overhead cost
 Discuss Question
Answer: Option A. -> Cost of goods sold
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 900. What is another term for “current assets” ?
  1.    Fixed assets
  2.    Non-liquid assets
  3.    Liquid assets
  4.    Cash
 Discuss Question
Answer: Option C. -> Liquid assets
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

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