ACCT 504 (ACCT504)

ACCT 504 Week 8, Final Exam 2 Week 8 : Wk8 - Final Exam 1. (TCO A) An advantage of the corporate form of business is that (Points : 5) it has limited life. its owner’s personal resources are at stake. its ownership is easily transferable via the sale of shares of stock. it is simple to establish. 2. (TCO A) Which activities involve acquiring the resources to run the business? (Points : 5) Delivering Financing Investing Operating 3. (TCO A) For 2007 Landford Corporation reported net income of $...

ACCT 504 Final Last Exam Question 1.1. (TCO A) An advantage of the corporate form of business is . (Points : 5) it is simple to establish the corporate tax rate is less than the personal tax rate corporations must pay dividends the shareholders are not responsible for the corporation’s debts Question 2.2. (TCO A) Dividends flow through which one of the following statements? (Points : 5) The Balance Sheet The Statement of Retained Earnings The Income Statement None of the a...

ACCT 504 Week 8, Final Exam 2 Week 8 : Wk8 - Final Exam 1. (TCO A) An advantage of the corporate form of business is that (Points : 5) it has limited life. its owner’s personal resources are at stake. its ownership is easily transferable via the sale of shares of stock. it is simple to establish. 2. (TCO A) Which activities involve acquiring the resources to run the business? (Points : 5) Delivering Financing Investing Operating 3. (TCO A) For 2007 Landford Corporation reported net income of $...

ACCT 504 Final Exam (TCO A) A corporation has which of the following advantages? (Points : 5) Reduced taxes Simple to set up Limited liability for stockholders Owner maintains control Question 2.2. (TCO A) Dividends flow through which one of the following statements? (Points : 5) The Balance Sheet The Statement of Retained Earnings The Income Statement None of the above Question 3.3. (TCOs A and B) Below is a partial list of account balances for LBJ Company. Cash $12,000 ...

ACCT 504 Final Exam (TCO A) A corporation has which of the following advantages? (Points : 5) Reduced taxes Simple to set up Limited liability for stockholders Owner maintains control Question 2.2. (TCO A) Dividends flow through which one of the following statements? (Points : 5) The Balance Sheet The Statement of Retained Earnings The Income Statement None of the above Question 3.3. (TCOs A and B) Below is a partial list of account balances for LBJ Company. Cash $12,000 ...