A Test That Measures the Qualities It Is Supposed to Measure

question 171

Multiple Choice

A test that measures the qualities it is supposed to measure is _____.

• A) reliable
• B) accurate
• C) stable
• D) valid

Comprehend the concept and recording of paid-in capital in excess of par.

Recognize the circumstances under which a liability for dividends exists.

Identify the key dates in the dividend declaration and payment process.

Understand the effects of stock dividends on market price, equity, and the number of shares outstanding.