Practice 3  Equity securities are known as shares (or stock)

题目
问答题
Practice 3  Equity securities are known as shares (or stock) in a corporation. Stockholders are considered owners of the corporation. The Articles of Incorporation must state the number of shares and the characteristics of the stock. To issue stock is actually to offer shares of stock for sale. The corporation’s Board of Directors controls when and to whom the corporation’s shares are offered and sold.  Outstanding shares—Outstanding shares are shares already issued and purchased by the shareholder or stockholder.  Par value—Par value is an arbitrary value assigned to each share in the Articles of Incorporation but does not necessarily reflect the true market value of the stock. Shares may not be issued and sold by the corporation for less than their par value therefore it is sometimes advisable not to state any par value at all or state a par value lower than the estimated market price. No par value allows the Board of Directors to decide each time shares are issued what the price per share will be. In a very large corporation where the stock is publicly traded at a public exchange, such as the New York Stock Exchange, the public demand for the stock of the corporation rather than the Board of Directors determines the selling price of the stock.  Capital account—The capital account of a corporation is an entry in the books of the corporation and is determined by multiplying the par or stated value of the corporation’s stock by the number of shares outstanding. For example, if the corporation had sold 1,000 shares of stock which had $10 par value, the capital account would be $10,000.
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相似问题和答案

第1题:

The method of accounting for investments in equity securities in which the investor records its share of periodic net income of the investee is the ( )

A、cost method

B、market method

C、income method

D、equity method


正确答案:D

第2题:

阅读以下说明和Java代码。

[说明]

已知类Stock和类JavaMain都定义在JavaMain.java文件中,类Stock的定义中有四处错误,分别在代码的第01、02、06、07行。请修改错误并给出修改后该行的完整代码,并写出改正错误后程序运行的输出结果。

[Java代码]

01 public class Stock{

02 static {

03 shares=0;

04 share_val=0.0;

05 }

06 private Stock(){getData();}

07 private Stock(int n, double pr=0){

08 shares=n;

09 share_val=pr;

10 getData();

11 }

12 public void getData(){

13 System.out.print(shares+":"+share_val+"");

14 }

15 private int shares; //非静态变量

16 private double share_val; //非静态变量

17 };

18

19 public class JavaMain{

20 public static void main(String args[]){

21 Stock a=new Stock();

22 Stock b=new Stock(1,67.5);

23 //其它代码省略,且代码无输出

24 }

25 }


正确答案:01代码行修改结果; class Stock{ 02代码行修改结果: { 06代码行修改结果: public Stock()getData();} 07代码行修改结果: public Stock(int ndouble pr){ 程序运行的输出结果为:0:0.0 1:67.5
01代码行修改结果; class Stock{ 02代码行修改结果: { 06代码行修改结果: public Stock()getData();} 07代码行修改结果: public Stock(int n,double pr){ 程序运行的输出结果为:0:0.0 1:67.5 解析:因为JavaMain和Stock定义在同一个文件中,所以只能够有—个公共类,因此Stock前的public应该去掉:因为shares和share_val都是非静态变量,所以不能够用静态初始化块进行初始化,所以应该把静态初始化块改为非静态初始化块,将static关键字去掉:定义中的构造函数为私有的,但构造函数在JavaMain类中被使用,因此构造函数应该为公共的。所以06和07行的代码应该将private改为public:构造函数中调用了输出函数,所以Java Main程序运行后输出结果为:0:0.0 1:67.5。

第3题:

The declaration of a stock dividend decreases a corporation's stockholders' equity and increases its liabilities.()

此题为判断题(对,错)。


正确答案:错误

第4题:

For a limited company, this will include the money ______ issuing shares, and is known as the share capital.

A raise for ;

B raised by ;

C raising at


参考答案:B

第5题:

The marketplace where short-term debt securities are traded is referred to as ______.

A.a mortgage market

B.a stock market

C.a bond market

D.a money market


正确答案:D
解析:短期债务凭证交易的市场是货币市场,而前三个属于资本市场。mortgage market抵押市场。stock market股票市场。bond market债券市场。

第6题:

For the year just ended,N company had an earnings of$2 per share and paid a dividend of $1.2 0n its Stock.The growth rate in net income and dividend are both expected to be a constant 7 percent per year,indefinitely.N company has a Beta of 0.8,the risk-free interest rate is 6 percent,and the market risk premium is 8 percent.

P Company is very similar to N company in growth rate,risk and dividend payout rati0.It had 20 million shares outstanding and an earnings of$36 million for the year just ended.

The earnings will increase to$38.5 million the next year.

Requirement:

A.Calculate the expected rate of return on N company’S equity.

B.Calculate N Company’S current price—eaming ratio and prospective price-earning rati0.

C.Using N company’S current price-earning rati0,value P company’S stock price.

D.Using N company’S prospective price-earning rati0,value P company’S stock price.


正确答案:

        A.The expected rate of return on N company’s equity=6%+0.8×8%=12.4%

  B.current price-earning ratio=(1.2/2) ×(1+7%)/(12.4%-7%)=11.89

  Prospective price-earning ratio=(1.2/2)/(12.4%-7%)=11.11

  C.P company’s stock=11.89×36/20=21.4

  D.P company’s stock=11.11×36×(1+7%)/20=21.40

第7题:

阅读以下应用说明、图和C++代码,根据要求回答问题1至问题3。

[说明]

已知以下C++程序运行时的输出结果如下。

1:1

1:1

1:1

[C++程序]

01 include <iostream>

02 using namespace std;

03 class Stock{

04 protect:

05 (1) { };

06 Stock(int n, int pr=1) {

07 shares = n; share_val=pr;

08 };

09 void ~Stock() { };

10 public:

11 //成员函数

12 void output() {

13 (2)<< shares << ":" << share_val << endl;

14 }

15 private:

16 //成员变量

17 int shares;

18 int share_val;

19 };

20

21 void main() {

22 Stock a(1); a.output

23 Stock b; b.output

24 Stock c = Stock (); c.output

25 }

请根据C++程序运行时的输出结果,将代码中(1)、(2)空缺处的内容补充完整。


正确答案:由题干的说明可知程序的输出全部为1。根据主程序main()中语句“Stock b;”可以判断出:类Stock有默认的构造函数且该构造函数将初始化类中的一些成员变量。因此(1)空缺处所填写的内容为Stock的构造函数即“Stock():shares(1)share_val(1)”或“Stock():share_val(1)shares(1)”。 由于该Stock构造函数的函数体内没有语句因此只能采用初始化列表的方式对成员变量进行初始化。成员函数output输出成员变量的值即(2)空缺处所补充的内容是“cout”。
由题干的说明可知,程序的输出全部为1。根据主程序main()中语句“Stock b;”可以判断出:类Stock有默认的构造函数,且该构造函数将初始化类中的一些成员变量。因此(1)空缺处所填写的内容为Stock的构造函数,即“Stock():shares(1),share_val(1)”或“Stock():share_val(1),shares(1)”。 由于该Stock构造函数的函数体内没有语句,因此只能采用初始化列表的方式对成员变量进行初始化。成员函数output输出成员变量的值,即(2)空缺处所补充的内容是“cout”。

第8题:

Under the equity method, a stock purchase is recorded at its original cost and is not adjusted to fair market value each accounting period.()

此题为判断题(对,错)。


正确答案:正确

第9题:

A derivative is a security which "derives" its value from another underlying (61) instrument, index, or other investment. Derivatives are available based on the performance of stocks, interest rates, currency exchange rates, as well as (62) contracts and various indexes. Derivatives give the buyer greater leverage for a (63) cost than purchasing the actual underlying instrument to achieve the same position. For this reason, when used properly, they can serve to "hedge" a (64) of securities against losses. However, because derivatives have a date of (65) , the level of risk is greatly increased in relation to their term. One of the simplest forms of a derivative is a stock option. A stock option gives the holder the right to buy or sell the underlying stock at a fixed price for a specified period of time.

(46)

A.bank

B.financial

C.mathematic

D.securities


正确答案:B

第10题:

听力原文:M: It is reported that in some countries banks are not allowed to make investments in equity securities.

W: Generally commercial banks may invest only in those securities that are rated as "investment grade", or have bond ratings in the top four categories.

Q: Where are banks only allowed to make investments?

(15)

A.In equity securities.

B.In personal funds.

C.In securities rated as investment grade.

D.In property markets.


正确答案:C
解析:根据女士的回答商业银行只能投资"securities that are rated as 'investment grade'"。

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