Practice Quiz

CPA Accountant Review Questions - Question List

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41. 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?
  1. $80,000
  2. $140,000
  3. $180,000
  4. $100,000
  5. $200,000
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42. 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?
  1. 100,000
  2. 120,000
  3. 20,000
  4. 60,000
  5. 80,000
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43. Cartman’s Cats has $1,000,000 in assets after purchasing Big Bertha’s Birds, along with $500,000 in liabilities. It has 500 shares capital stock outstanding. What is the book value of each share of stock?
  1. $1,000
  2. $50
  3. $500
  4. $2,000
  5. $500,000
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44. If 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?
  1. $95
  2. $100
  3. $115
  4. $105
  5. $110
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45. The statement of cash flow reports are used for the following:I Investing activitiesII Financing activitiesIII Operating activitiesIV Supplemental activities
  1. I
  2. II
  3. III
  4. I, II, and III
  5. I, II, III, and IV
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