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Free "Financial Management: Balance Sheets Study" App with MCQ: Proceeds of the company shares of sold stock is recorded in; with answers: preferred stock account, common stock account, due stock account, and preceded stock account. Practice Financial Management Balance Sheets Quiz Questions, download Google e-Book (Free Chapter) to strengthen educational outcomes.

Financial Management Balance Sheets MCQs PDF Download – Prep Test

MCQ 1: The proceeds of the company shares of sold stock is recorded in:

  1. preferred stock account
  2. common stock account
  3. due stock account
  4. preceded stock account

MCQ 2: The stockholders that do not get benefits even if the company's earnings grow are classified as:

  1. preferred stockholders
  2. common stockholders
  3. hybrid stockholders
  4. debt holders

MCQ 3: The securities with less predictable prices and have longer maturity time is considered as:

  1. cash equivalents
  2. long-term investments
  3. inventories
  4. short-term investments

MCQ 4: A method of inventory recording which produces high inventories in balance sheet is classified as:

  1. first out receivable
  2. first in first out
  3. last in first out
  4. last out receivable

MCQ 5: A company that sells products to customer without demanding immediate payment but record it in balance sheet as:

  1. account payable
  2. account receivable
  3. account equivalent
  4. account investment

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