1. Which of the following represents the largest number of common shares? A) Treasury shares. B)...

 

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1. Which of the following represents the largest number of common shares? A) Treasury shares. B) Issued shares. Outstanding shares. Authorized shares. 2. Two categories of expenses in merchandising companies are A) cost of goods sold and financing expenses. B) operating expenses and financing expenses. cost of goods sold and operating expenses. other expenses and cost of goods sold. 3. Which one of the following is not a common form of stock? A) Treasury B) Common C) Accrued D) Preferred 4. The balance in Accumulated Depreciation represents the cash fund to be used to replace plant assets. A) B) amount to be deducted from the cost of the plant asset to arrive at its fair market value. C) amount charged to expense in the current period. D) amount charged to expense since the acquisition of the plant asset. 5. All the following are needed for the computation of depreciation except A) training costs of manufacturing personnel. B) cost. C) salvage value. D) estimated useful life. 6. Which of the following is not an intangible asset that is reported on the balance sheet? A) Goodwill. B) Trademarks. C) Employees. D) Copyrights. 1. Which of the following represents the largest number of common shares? A) Treasury shares. B) Issued shares. Outstanding shares. Authorized shares. 2. Two categories of expenses in merchandising companies are A) cost of goods sold and financing expenses. B) operating expenses and financing expenses. cost of goods sold and operating expenses. other expenses and cost of goods sold. 3. Which one of the following is not a common form of stock? A) Treasury B) Common C) Accrued D) Preferred 4. The balance in Accumulated Depreciation represents the cash fund to be used to replace plant assets. A) B) amount to be deducted from the cost of the plant asset to arrive at its fair market value. C) amount charged to expense in the current period. D) amount charged to expense since the acquisition of the plant asset. 5. All the following are needed for the computation of depreciation except A) training costs of manufacturing personnel. B) cost. C) salvage value. D) estimated useful life. 6. Which of the following is not an intangible asset that is reported on the balance sheet? A) Goodwill. B) Trademarks. C) Employees. D) Copyrights.

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Answers 1 Option D Authorized shares Authorized shares are the maximum number of shares a company is allowed to issue to investors as laid out in its ... View the full answer