ACCT 312 Week 3 Quiz

1. (TCO 4) Common shareholders usually have all of the following rights, except

2. (TCO 4) Outstanding common stock is

3. (TCO 4) Our company declared a property dividend to give marketable securities to its common stockholders. The securities had cost our company $14 million and currently have a fair value of $32 million. Which would be included in recording the property dividend declaration?

4. (TCO 4) When treasury shares are resold at a price below cost,

5. (TCO 4) Our company has outstanding 400 million shares, $2 par common shares, selling for $8 per share. After a 1 for 4 reverse stock split,

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