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- Quiz Question 1 of 7
Which of the following is usually the higher of the two for most companies?
ExplanationExplanationChoose the best answer below: - Quiz Question 2 of 7
A group of friends got together and decided they want to form a new corporation called RetailCo. Together, they decided to invest $15mm into this new company. The company issues 4,500,000 shares at a par value of $0.20 per share. How will the $15mm be recorded on the Balance Sheet?
ExplanationExplanationChoose the best answer below: - Quiz Question 3 of 7
As of 12/31/2018, Verizon has issued 4,291,433,646 shares at $0.10 par value per share. What is the value of Verizon’s Common Stock Par Value on the Balance Sheet?
ExplanationExplanationChoose the best answer below: - Quiz Question 4 of 7
The amount of money a company spent to repurchase shares is often (but not always) captured under:
ExplanationExplanationChoose the best answer below: - Quiz Question 5 of 7
The unrealized gains in the company’s cash balance due to favorable fluctuations in foreign exchange rates is captured under:
ExplanationExplanationChoose the best answer below: - Quiz Question 6 of 7
Deere & Company controls a subsidiary that it only partially owns. The value of the equity portion of the subsidiary that Deere & Company doesn’t own is known as:
ExplanationExplanationChoose the best answer below: - Quiz Question 7 of 7
A company has received in total $200 million from equity investors. It has earned a cumulative Net Income of $300 million and has paid $100 million in cumulative dividends. It has also benefited from $50 million of unrealized gains on its stock portfolio. Assuming there are no other line items in the Equity section, what is the value of the company’s Total Equity?
ExplanationExplanationChoose the best answer below:
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