ABC corporation declares a $2 million dividend. It had issued 1 million shares of common stock
and 500 thousand shares of preferred stock.
If preferred shares have a par value of $50 and a
preferred dividend of 4 percent, what is the preferred dividend?
A) $1,250,000 B) $200,000 C) $1,000,000 D) $2,000,000
C
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A smart fraudster usually manipulates which financial record in order to better avoid an audit trail?
a. Income statement. b. Balance sheet. c. Statement of cash flows. d. Statement of retained earnings.
Which type of complainer has sometimes been called the service provider's best friend?
Fill in the blank(s) with the appropriate word(s).
C) It would be subtracted from net income.
A) It is already included in the net income. B) It would be added back to net income. C) It would be subtracted from net income. D) It does not affect the cash flow from operations.
What is the term for the lowest amount of money that can be paid on a credit card balance each month to prevent the credit card account from going into default?
A) Minimum Payment B) Low Price Scaling C) Minimum Price Plan D) Bottom Line E) Expected Pricing