The Financial Statement Showing a Firm's Accounting Value on a Particular

question 25

Multiple Choice

The financial statement showing a firm's accounting value on a particular date is the:

• A) income statement.
• B) balance sheet.
• C) statement of cash flows.
• D) tax reconciliation statement.
• E) shareholders' equity sheet.

---

Definitions:

Date of Record

The specific date set by a corporation’s board of directors after which the shareholders on record will be entitled to receive dividends or stock rights.

Cumulative Preferred Stock

Stock that has a right to receive regular dividends that were not declared (paid) in prior years.

Dividends Per Share

The total dividends declared in a period divided by the number of outstanding shares of the company.

Cash Dividends

Payments made by a company to its shareholders out of its profits or reserves.