What represents the ownership of stockholders who have a residual claim on the assets of the corporation after all other claims have been settled ?

Related Mcqs:

1. What is defined as the certificate of indebtedness of corporation usually for a period not less than 10 years and guaranteed by a mortgage on certain assets of a corporation ?

   A. Bond
   B. T-bills
   C. Stock
   D. Promissory note

2. What refers to the claim of anyone to ownership ?

   A. Proprietorship
   B. Assets
   C. Equity
   D. Liability

3. What stock represents ownership and enjoys certain preferences than ordinary stock ?

   A. Authorized stock
   B. Preferred stock
   C. Incorporator’s stock
   D. Presidential stock

4. What refers to the residual value of a company’s assets after all outside liabilities (shareholders excluded) have been allowed for ?

   A. Dividend
   B. Equity
   C. Return
   D. Par value

5. What bond whose security is a mortgage on certain specified assets of the corporation ?

   A. Registered bond
   B. Collateral trust bond
   C. Mortgage bond
   D. Debenture bond

6. Assertion A. : Discharging the effluents from the oxidation ponds just up stream of lakes or reservoirs is undesirable. Reason (R) : The discharged algae get settled in the reservoirs and cause anaerobic decomposition and other water qualities_________________?

   A. Both A and R are true and R is the correct explanation of A
   B. Both A and R are true but R is not a correct explanation of A
   C. A is true but R is false
   D. A is false but R is true

7. What refers to the negotiable claim issued by a bank in lien of a term deposit ?

   A. Time deposit
   B. Bond
   C. Capital gain certificate
   D. Certificate of deposit

8. The profit derived from a project or business enterprise without consideration of obligations to financial contributors and claims of others based on profit is known as _____________________?

   A. Yield
   B. Economic return
   C. Earning value
   D. Gain

9. What refers to a document that shows proof of legal ownership of a financial security ?

   A. Bond
   B. Bank note
   C. Coupon
   D. Check

10. Which is true about corporation ?

    A. It is worse type of business organization.
    B. The minimum number of incorporators to start a corporation is three.
    C. Its life is dependent on the lives of the incorporators.
    D. The stock holders of the corporation are only liable to the extent of their investments.