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Statement of Shareholders’ Equity
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Statement of Shareholders’ Equity
Statement of Shareholders’ Equity
Accounting Play 1
2022-11-07T16:20:25+00:00
Quiz - Statement of Shareholders' Equity
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2
Question 1-10
3
Question 11-23
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1. What is true regarding the statement of
shareholders
’ equity?
Revenue
and expense is detailed
Cash inflow and outflow is detailed
Change in
retained earnings
is reported
Includes multi-page disclosures
2. Which of the following is true regarding the statement of
shareholders
’ equity:
Reports financial position at a point in time
Reports financial performance for a period of time
Reports sources and changes of equity
Reports changes in cash between accounting periods
3. What is another name for the statement of
shareholders
’ equity?
Statement of
retained earnings
Balance sheet
Income statement
Notes
4. What might be found on the statement of
shareholders
’ equity
Change in
retained earnings
Common stock
issued
Additional paid-in capital
All of the above
5. The statement of
shareholders
’ equity includes changes in:
Expenses
Financing
Cash balances
Revenue
6. What is the (cough) most common type of stock?
Common stock
Preferred stock
Convertible stock
Treasury stock
7. Par value of stock is more of a legal requirement and is not significant for most investors:
True
False
8. How might par value be thought of?
Legal requirement
Assigned value
Insignificant to
stakeholders
All of the above
9. Participating preferred stock may refer to:
Potential to receive a larger dividend percentage
Don't do it
Seriously, no
Warrants
10. Dividend in arrears may be possible with:
Common stock
Preferred stock
Who cares
Insert joke here
11. Stockholders’ equity section reporting specific, generally non-operating transactions such as pension liability changes:
Common stock
Additional paid-in capital
Accumulated other comprehensive income (OCI)
Retained earnings
12. The statement of stockholders’ equity provides further detail of what might already appear on the balance sheet:
True
False
