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bonas Qetimt Ca pnb 1-The chief accounting officer in a company is known as the...

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Accounting

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bonas Qetimt Ca pnb 1-The chief accounting officer in a company is known as the a controller b. treasurer c. vice-president. d. president 2-When stock is issued for legal services, the transaction is recorded by debiting Organization Expense for the a. stated value of the stock b. par value of the stock c. market value of the stock d. book value of the stock 3-If common stock is issued for an amount greater than par value, the excess should be credited to a. Cash. b. Retained Eamings c. Paid-in Capital in Excess of Par. d. Legal Capital. 4-Regular dividends are declared out of a. Paid-in Capital in Excess of Par b. Treasury Stock c. Common Stock d. Retained Earnings. 5-Which of the following is not a significant date with respect to dividends? a. The declaration date b. The incorporation date c. The record date d. The payment date 6-Dividends Payable is classified as a a long-term liability. h contra stockholders' equity account to Retained Earnings c. current liability d. stockholders' equity account 7-Which of the following statements is not not considered disadvantage of the corporate form of organization? a. Additional taxes c. Limited lability of stockholders d Separation of ownership and

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