Accounting Jeopardy

1
Cash Dividends
SERatios
Other Trans-x
Pref. Stock
Common Stock
100
100
100
100
100
200
200
200
200
200
300
300
300
300
300
400
400
400
400
400
500
500
500
500
500
2
Cash Dividends - 100
The date on which a dividend liability is
recorded.
What is Declaration Date?
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3
Cash Dividends - 200
A debit is recorded to this account when a
dividend is paid in the month following its
declaration.
What is Dividends Payable?
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4
Cash Dividends - 300
The account into which Dividends Declared is
closed.
What is Retained Earnings?
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5
Cash Dividends - 400
The date on which the list of stockholders
receiving a dividend is finalized.
What is Date of Record?
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6
Cash Dividends - 500
The name of the preference that requires
preferred dividends to be paid before dividends
on common stock.
What is current preference?
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7
Common Stock - 100
The account that is debited when common stock is
issued.
What is the Cash account?
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8
Common Stock - 200
The corporate accounts affected when one investor
sells the corporations common stock to another
investor.
What is none?
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9
Common Stock - 300
The abbreviation for the act of first selling
stock to the public.
What is IPO?
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10
Common Stock - 400
The term that describes issuances of common stock
when some has previously been issued.
What is Seasoned New Issue?
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11
Common Stock - 500
The accounts that are credited when common stock
is issued at an amount above par value.
What are Common Stock and Additional Paid-In
Capital?
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12
Preferred Stock - 100
The account that is debited when preferred stock
is issued.
What is Cash?
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13
Preferred Stock - 200
The characteristic that describes the voice
that is usually attached to common stock, but not
preferred stock.
What is a Voting Right?
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14
Preferred Stock - 300
DAILY DOUBLE!!!
15
Preferred Stock - 400
The type of dividend usually attached to
preferred stock.
What is Fixed Dividend?
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16
Preferred Stock - 500
The term used to describe dividends that have
accumulated from prior years and have not yet
been paid.
What is Dividends in Arrears?
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17
SE Ratios - 100
Net Income divided by Number of Shares
Outstanding.
What is Earnings per Share (or EPS)?
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18
SE Ratios - 200
Net income divided by average stockholders
equity.
What is the Return on Equity?
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19
SE Ratios - 300
The directional effect of a stock buyback on EPS.
What is Increase?
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20
SE Ratios - 400
The directional effect of a stock buyback on ROE.
What is Increase?
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21
SE Ratios - 500
The directional effect of a 2-for-1 stock split
on EPS.
What is decrease?
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22
Other Trans-x - 100
The effect of a stock dividend or stock split on
total stockholders equity.
What is none?
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23
Other Trans-x - 200
The account credited when a large common stock
dividend is declared and distributed.
What is Common Stock?
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24
Other Trans-x - 300
The term used to describe stock that has been
repurchased by the corporation.
What is treasury stock?
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25
Other Trans-x - 400
The reason why a stock dividend, and not a stock
split, is interpreted as a signal that the
company expects to do well in the future.
What is stock dividends decrease retained
earnings but stock splits do not?
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26
Other Trans-x - 500
The term that refers to shares of stock that are
owned by stockholders other than the corporation
itself.
What is outstanding shares?
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27
Daily Double

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28
Preferred Stock ---
The feature that gives preferred stock its name.
What is Preference over common stock in
dividends paid and assets distributed at
liquidation?
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