Cartman's Cats had a total of 100,000 shares of common stock issued. In February, they reacquired 20,000 shares and did not retire them. How many shares of outstanding stock do they currently have? Mark one answer:
(A)100,000
(B)120,000
(C)20,000
(D)60,000
(E)80,000
The Correct Answer
If a corporation issues a 10-year $100,000 8% bond, what is the total that the issuing corporation pays to the bondholder over the next 10 years? Mark one answer:
(A)$80,000 (B)$140,000 (C)$180,000 (D)$100,000 (E)$200,000
Correct Answer: C
When can I take the CPA Exam
The CPA Exam is offered four times each year: January 1 – March 10, April 1 – June 10, July 1 – September 10 and October 1 – December 10.
When capital is increased in the double-entry method of accounting, the result is: Mark one answer:
(A)A credit (B)A debit (C)It is dependent on the situation (D)There is not enough information to determine the answer. (E)None of the above
Correct Answer: A
More CPA Exam Questions
- 1If a share of cumulative preferred stock has a call price of $95 and has had four years of dividends of $5 each, what is the book value of that share of stock? Mark one answer:
- 2According to COSO, which of the following components addresses the need to respond in an organized manner to significant changes resulting from international exposure, acquisitions, or executive transitions?
- 3The purchase of treasury stock would be shown under which section on the statement of cash flows? Mark one answer:
- 4If an exempt organization is a corporation, the tax on unrelated business taxable income is
- 5Cartman's Cats shows the following balances:(C)sh: $20,000(A)counts Receivable: $60,000(I)ventory: $80,000(A)counts Payable: $60,000 Wages Payable : $60,000 What is the quick ratio for the business? Mark one answer: