( Please!! HELP)
1, Which of the following are issued by corporations, usually have a par value of $1,000 and can be secured or unsecured?
A - convertible bonds
B - municipal bonds
C - corporate bonds
D - Junk bonds
2. Which of the following is first step in the accounting cycle
A - post journal entries
B - analyze collected data
C - analyze reports
D - record business transactions
3. Which of the following refers to the framework for looking at past performances, Current financial health, and possible future performances?
A- Accounting
B- financial reporting
C- the balance sheet
D- the accounting cycle
4. Because money is used to hold wealth, is it known as which of the following
A - store of exchange
B - medium of exchange
C - store of value
D - Standard of value
5. What must be paid first to preferred stockholders before the company can pay any to common stockholders
A - Dividends
B - Retained Earnings
C - stock dividend
D - interest
Answers: 1
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