Match Each of the Following Stockholders' Equity Concepts to the Appropriate

question 205

Multiple Choice

Match each of the following stockholders' equity concepts to the appropriate term (a-h) .
-The date when dividends are actually distributed to stockholders

• A)Cash dividend
• B)Date of record
• C)Stock Dividends Distributable
• D)Date of declaration
• E)Treasury stock
• F)Preferred stock
• G)Date of payment
• H)Paid-In Capital in Excess of Par

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Definitions:

Standard Cost Variances

refer to the differences between the expected (standard) costs and the actual costs incurred.

Standard Cost System

A cost accounting system that assigns expected costs to each product or service, facilitating variance analysis between expected and actual costs.

Direct Labor Cost

The sum of all expenses associated with labor that is directly used in the creation of products or services.

Labor Efficiency Variance

A measure of the difference between the actual hours worked and the standard hours expected, to produce a certain level of output.