Time Share

I sdid these and would like to know how good or how very bad I am doing?

1.
The cost of a product warranty should be included as an expense in the

period the cash is collected for a product sold on account.
future period when the cost of repairing the product is paid.
period of the sale of the product.
future period when the product is repaired or replaced.

2.
The total earnings of an employee for a payroll period are referred to as

(
take-home pay.
pay net of taxes.
net pay.
gross pay.

3. The par value per share of common stock represents
the minimum selling price of the stock established by the articles of incorporation.
the minimum amount the stockholder will receive when the corporation is liquidated.
the monetary amount assigned to each share of stock in the articles of incorporation.
the amount of dividends per share to be received each year.

4.
Most employers are required to withhold from employees for

(
both federal and state unemployment compensation.
only federal unemployment compensation tax.
only federal income tax.
only state unemployment compensation tax.

5.
The market interest rate related to a bond is also called the

(
stated interest rate.
effective interest rate.
contract interest rate.
straight-line rate.

6. Which statement below is NOT a reason for a corporation to buy back its own stock?
Resale to employees
Bonus to employees
For supporting the market price of the stock
To increase the shares outstanding

7. In which section of the balance sheet would treasury stock be reported?
Fixed assets
Long-term liabilities
Stockholders’ equity
Intangible assets

8. The liability for a dividend is recorded on which of the following dates
The date of record
The date of payment
The date of announcement
The date of declaration

9. Which of the following accounts is reported in the noncurrent liabilities section of the corporate balance sheet?
Bonds Payable
Common Stock
Dividends Payable
Cash

10. Significant changes in stockholders’ equity are reported in the
statement of stockholders’ equity,
income statement.
retained earnings statement.
statement of cash flows.

This looks like an accounting multiple choice test. How well you did would depend on your selections which you did not indicate. Is it your intent to have someone do your homework for you?