Self Assessment Quizzes

CHAPTER 21: Section 3 Financial Reporting for a Publicly Held Corporation

	1.	The statement of stockholders` equity shows

		a.	the changes in retained earnings for the period
		b.	the investments made in the company by its shareholders and net income
		c.	changes in total assets held
		d.	changes in totals assets held, net income and retained earnings

	2.	Many corporations prepare a statement of stockholders` equity instead of

		a.	financial statements
		b.	an income statement
		c.	a statement of retained earnings
		d.	a balance sheet

	3.	A statement of stockholders` equity reports

		a.	the status of all stockholders
		b.	changes in the stockholder`s equity accounts
		c.	the net income for the period
		d.	the total assets held

	4.	The information reported on the statement of stockholders` equity is

		a.	number of shares of stock issued, total amount received for the shares, net income for the period, and dividend declared
		b.	total amount received for stock issued, net income for the period and total assets held
		c.	number of shares of stock issued, total amount received for the shares, dividends declared and total assets held
		d.	number of shares issued , total amount received for the shares, net income for the period, dividends declared, and total assets held