Humanism Essay Example | Topics and Well Written Essays - 250 words

Humanism - Essay Example In contrast to the medieval humanists, the scholars of the new Humanist culture greatly popularized learning, because they focused on the way people describe the world rather than on its reality, and they are known as nominalists. They denied the existence or the knowability of the universal forms that supposedly make up the world It is important to comprehend the late medieval mystic and pious revivals as partly a reaction to the late medieval church hierarchy and the disorder of the church. These revivals as well as the ill-fated movements of doctrinal reform were characterized by lay mysticism and piety, female piety, the mystics, brethren of the common life, the Lollards etc. Therefore, the late medieval mystic and pious revivals reflected the widespread dissatisfaction with official teachings in the late 1300s and 1400s. Mysticism, or the interior sense of the direct presence and love of God, was an important consequence of the late medieval mystic and pious revivals, and it was illustrated by confraternities, or the religious guilds founded for laypersons. "The growth of lay piety was, in essence, an effort to give everyone access to forms of faith that hitherto had been restricted to a spiritual elite. Frightened by the disasters of the age, people hungered for emotional reassurance, for evidence of Go d's love and redeeming grace within themselves." (Tradition and Change in Europe Culture, 1300-1500).

Choose an article or book chapter that has applied multivariate Essay

Choose an article or book chapter that has applied multivariate analysis to a research question. Explain the key issues that m - Essay Example Hair et al. (1994, p. 2) defined multivariate as analysis of several variables within a relationship or set of relationships. Hair et al. (1995, p. 13) explicit include multiple regression (a regression with one dependent variable and multiple independent variable) as an example of multivariate data analysis. Singh (2007, p. 177) share the same perspective of Hair et al. (1995) on a less restrictive definition of multivariate analysis. We study Kogid et al. (2010) and Shelleman et al. (2004) as illustrations of how multivariate analysis can be applied. 2.0. Kogid et al. (2010) As indicated in the abstract, the objective of the Kogid et al. (2010, p. 123) is to â€Å"investigate the factors that stimulate and maintain economic growth.† The factors investigated covered consumption expenditure, government expenditure, export, exchange rate, and foreign investments. The research focused on Malaysia and used data from 1970 to 2007. The specific multivariate statistic technique used by the Kogit et al. (2010) is technique known as â€Å"cointegration† and â€Å"causality approach†. Cointegration is discussed in Gujarati (2004, p. 822-826). Causality is discussed in Gujarati (2004, p. 696-702). One important test for causality is in Gujarati (2004, p. 696-702). According to Gujarati (2004, p. ... 822). Most tests of causations use tests of correlations. However, other tests go beyond correlation. One of such tests is the Granger causality test. Granger causality test actually test precedence and precedence is taken to be indicative of causality. Unfortunately, Gujarati (2004) does not record a capability of the Granger causality test to cover more than two variables at time (although it can be argued that the Granger causality test has that potential if a composite value covering several variables is constructed). In contrast, the Wald test as performed by Kogit et al. (2010) implies a capability of the Wald test to investigate relations of causation that involve more than two variables. Extensive search on the Wald Test conducted by this author in the books indicates that the Wald Test for causation is not yet discussed in many of the books. However, the works of Atinay and Karagol (2005), Burda (2001), No and Olatubi (2004), and Zarra and Zarea (2007) have good discussions on the Wald Test. The results of the study of Kogit et al. (2010) indicate that long-run cointegration and short-run causal relationship exists between the investigated factors and economic growth. The fundamental and important finding is all the factors investigated when combined can in their combination cause economic growth in the short-run. However, on their own, the individual regressions indicate that only consumption expenditure and export can on its own cause economic growth in the short-run. For brevity, we reproduce only the key test which is the causality test. The causality test is captured by Table 1. Table 1. Multivariate and Bivariate Causality Tests Using the Error Correction Model (ECM) Source: Table 3 of Kogit et

Text Messaging Affects Language Skills English Language Essay

Text Messaging Affects Language Skills English Language Essay In recent years, there has been an enormous increase in the relativity of using cell phones to communicate. Cell phones have become the fundamental components of family life, especially for most teenagers. Appearance of unlimited texting plans offered by phone companies like Sprint, T-mobile and Verizon, texting is becoming hard to resist. IYO TXTng = Gd 4 or NME of Lang? (Text Message Dictionary) If you cannot understand the previous sentence, then you are most likely are not aware of the language of the text messaging. Who are the originators of this language? The answer is most of the teenagers in the modern society. The translation for the vague sentence above is: In your opinion, is texting good for or the enemy of language? Text messaging has provided our society with a quick means through which to communicate. It has taken out the need for capitalization, punctuation and the use and knowledge of sentence structure. However, this recent form of communication has become so promi nent that some educationists worry that it may be damaging teens literacy skills. Others, however, believe that teenagers are making their own language in the modern society and see no effect on their students language skills. I think that the one way text messaging affects language skills is that it leads to the downfall of communication. It aids the lack of intellect and flow of logic that humans possess when communicating with another human being. When I was in a McDonalds couple of days ago, I observed something that disturbed me; it also annoyed me a bit and this had to do with communication skills and texting. A table in a corner across from when I and friend were seated, there were three young people, ages that I can guess to be around 16. They each ordered drinks and French fries and they all had cell phones held in their hands. Couples had ear buds in their ears and probably listening to music that they enjoyed. They shake back and forth around in their seats to the beat when they were listening to their music and texting on their mobile phones. Every couple of seconds, one of them would eat fries and slurp his drink and they were all texting. They were seemingly texting each other from the snickering laugh and pokes I observed yet they were all sitting right there at the same table. The thing that irritated me the most was that there was literally no verbal conversation other than a casual grunt. Their communication was done on their cell phone with no face to face conversation with their friends who were sitting next to each other. Are we losing our ability to truly communicate or, use voices? When you are sitting at the same same table why werent you talking? Texting is not talking. Most teenagers in this society dont talk to other people face to face. There is no verbal communication. It is hard to make sense of the language because there is no tone, no expression, no feeling, no body language and it is easy to text about some issues rather than talk face to face. It is also easy to apprehend into a conversation which is not really there and make wrong conclusions, without fully understanding what is being communicated. I know people who not only freak out about having to give a public speech, but who worry about having a face-to-face conversation. Its a bit ridiculous. Texting lingo has already spread to speech, social networking sites and other areas of writing. Shorthand phrases such as LOL and OMG first appeared in messaging forums and transferred smoothly into text lingo. The same thing is happening in reverse. This is not a complication when youre texting or emailing your friends, but young people dont understand that you cant write LOL into an email to your boss. As American University linguistics professor Naomi Baron states, So much of American society has become sloppy or laissez faire about the mechanics of writing (Hauck). I agree with her. Check any popular forum and see for yourself what the bloodbath of spelling and grammar looks like. So when we are not forced to write out words, the rules of our language arent enforced. Recent research seems to support that texting has an adverse impact on peoples linguistic ability. Drew Cingle and S. Shyam Sundar conducted research at Penn State University. They published their research in the professional journal,  New Media and Society.  Both authors argued that the students who write in techspeak used shorthand phrases, homophones, essential and nonessential letters to compose a text message. They thought that writing in techspeak would prevent persons ability to go from techspeak to normal rules of grammar. They did research to find if text messaging affected students grammar skills. Based on their data from over 500 students from middle school, they concluded there is evidence of a decline in grammar scores. Cingle gives reader personal example from his two younger nieces. He indicates that their text messages were incomprehensible and that he had ask them what they were trying to get out of that message. The message was incomprehensible because the use o f shortcuts, he said (Cingle Sundar). Joan Lee did another study to find the impact of texting on language skills. She conducted her study for her masters thesis in linguistics. Based on her data, her results proved that the students who texted more were less open to new terminology. Her results also proved that students who read media were more open to expanding their vocabulary. Our assumption about texting is that it encourages unconstrained language, Lee argues, but the study found this to be a myth. Lee argues that reading print media exposes people to variety and  creativity  in language that is not found in text messaging used among youth (Lee). I think persons vocabulary expands upon first using communication device due to some unique words used in texting. However, the terminology size levels off as the person knows most of the words that are unique to texting. After that, the person will use same group of vocabulary over and over again. Lastly, teenagers in this society dont know exactly what listening is. They may look like they are listening, but things are going in one ear and right out the other. College students who frequently text message during class have difficulty staying attentive to classroom lectures and consequently are at risk of having poor results, according to a study by Fan-Yi Flora Wei, and his two colleagues Ken Wang and Michael Klaussner. They published their study in the journal  Communication  Education. They concluded that most college students believe they are capable of performing multitasking behaviors, such as texting during their classroom learning, but research does not support that proposition (Wei). Do I think text messaging is a bad thing? No, of course not, it is a good thing and certainly has a place in todays computer age society in a many different ways, it can even help to keep us safe and protect us but when do not use it properly, as it was meant to be used, it depletes our writing skills, cripples our communication skills, and has a negative impact on the other language skills as well. When we let computer age technology, texting become our obsession and allow it to take over our life to such an extent that we lose all our other living and language skills it becomes as dangerous as a gun in the wrong hands.

Modern Day Cinderella Essay -- Creative Writing Short Story

A few months ago a girl named Cindy's parents took a vacation to America, leaving her alone with her aunt and two daughters, Tiphisha and Moya. Her parents lived in England and were extremely wealthy, and for that reason her aunt, Lorna and her daughters were jealous of Cindy and despised her very much. They treated her very bad, Cindy had to do all the chores in the house in order to keep it clean. They ordered her around and gave her dirty clothes to wear. They would keep her locked in the basement so that no one would know that she was there. Cindy's life was made difficult, she often sits by the cinders and cry, and wish her parents had took her with them. But in the pass times, she would sing, which is something she loved with a passion. One hot sunny day her aunt sent her to the market for a loaf of bread. While she was getting the bread the king servant made an announcement in the middle of the market. ?Here ye! Here ye! The king of England is throwing a ball for his son at the palace, an invitation will be delivered at your door.? He said as he left the market. Cindy got the bread and ran home to share the good news with her aunt and cousins. Cindy was in the kitchen making dinner, when the door bell rang ?Cindy go get the door!? shouted her aunt. Cindy took her apron off, and rushed to answer the door. Standing at the door was a servant from the palace with a paper in his hands, ?good day ms, the king ordered me to deliver an invitation to the ball? ?thanks? Cindy said taking the invitation and went to show her aunt. Her aunt and cousins were excited about the news, they went shopping the next day leaving Cindy alone in the house to do all the work, while they spent all her parents? money. Cindy ... ... else there and at the moment Cindy started singing ?who is that the prince asked with curiosity. ?Oh! No one just the maid cleaning? the aunt uttered with guilt covering the basement door. But the prince insisted ?send her out here, it is requested that every woman is to try this slipper. Cindy tried the slipper and it fit perfectly, as she put her foot in it she went and got the other foot and put both of them on. She magically turned into a beautiful princess, the bell of the ball. The prince picked her up and off they went to the palace to get married. The aunt and her daughters gasped in surprise and asked ?you were that beautiful girl at the ball ?See I knew it was something about that girl hum!? said tiphisha ?why those things do always happen to weird people? Why moya said sobbing. The prince and Cindy got married and lived happily ever after.

Legumes

Legumes Chickpea  (Cicer arietinum) An annual Asian plant in the pea family, widely cultivated for the edible seeds in its short inflated pods. A round yellowish edible seed, widely used as a pulse. Also called  garbanzo. There are two types of chickpeas: desi and kabuli. Desi contains smaller, darker seeds and have more of a rough coat. Kabuli is a larger, lighter colored bean with a smoother coat. Uses * Chickpeas are an important food plant in India, Africa, and Central and South America. * They are the main ingredient of hummus, a sauce originating in the Middle East. In southern Europe, chickpeas are a common ingredient in soups, salads, and stews. * A kind of meal or flour is also made from chickpeas. Snap peas  (Pisum sativum  var. macrocarpon) A cultivated pea that has edible usually round pods easily snapped like beans and that is classified with the snow pea as a variety (Pisum sativum macrocarpon) also called sugar snap pea. This is pea plant producing peas having crisp rounded edible pods USES Raw * The pod can be left whole and served with your favorite dip. The peas can be removed from the pod. Puree the raw peas in a food processor or blender and fold the puree into your favorite dip. * Snap the whole pea pod into 1-inch pieces and add to salads—vegetable, macaroni, chicken, etc. Cooked * Use instead of snow peas in oriental dishes. * In stews or soups, add whole or in pieces, 2 minutes before serving—just long enough to heat thoroughly. * Stir-fry as you would any vegetable. Azuki Bean(Vigna angularis  syn. Phaseolus angularis)The azuki bean, also known as  adzuki  or  aduki is an annual bushy leguminous vine plant widely grown throughout  East Asia  and the  Himalayas  for its small (approximately 5  mm)  beans which are used as food and to produce a flour. The  cultivars  most familiar in  Northeast Asiahave a uniform red color. However, white, black, gray and variously mottled varieties are also known. USES * In  East Asian cuisine, the azuki bean is commonly eaten sweetened. In particular, it is often boiled with sugar, resulting in red bean paste (an), a very common ingredient in all of these cuisines.It is also common to add flavoring to the bean paste, such as chestnut. * In Japan, rice with azuki beans ( ;  sekihan) is traditionally cooked for auspicious occasions. Azuki beans are also used to produce  amanatto, and as a popular flavour of  ice cream. * On October 20, 2009,  Pepsi  Japan released an azuki-flavored Pepsi product. * In Gujarat, India, they are known as  chori. Ornamental plants Zebra Plant (Aphelandra squarrosa) a Brazilian herb with leaves striped green and yellowish white that is widely cultivated as a foliage plant.This plant is often used as a  house plant. This plant likes lots of light, but not direct. It does not bloom often, but it can be encouraged to bloom by prolonged daily exposure to light. USES Indoor and outdoor decoration for houses and others. Rose (Rosa berberifolia) They form a group of plants that can be erect shrubs, climbing or trailing with stems that are often armed with sharp  prickles. They have pinnate leaves and showy flowers having five petals in the wild state but being often double or partly double under cultivation.Flowers vary in size and shape and are usually large and showy, in colours ranging from white through yellows and reds. * Majority of roses are used to decorate gardens as well as for various ornamental purposes. * Roses have diuretic effects as they contain Vitamin C, pectin, malic and citric acids. * It has a medicinal effect that cools the body by removing toxins and heat from the body. * Roses are also used all over the world for culinary purposes especially on desserts. * It is also widely used for preparing cosmetics, perfumes, hand lotions, creams, to rose essential oil and rose water.Glossy Abelia (Abelia x grandiflora) Any of several shrubs that have clusters of small white or pink flowers belong to the belong to the genus Abelia, of the honeysuckle family. Abelias are popular  garden  shrubs. The most widely grown is the hybrid  Abelia x grandiflora. This is a rounded, spreading, multi-stemmed shrub with gracefully arching branches to 1-1. 8 m tall, with ovate, glossy, dark green semi-evergreen leaves to 2–6  cm long, and clusters of white-tinged-pink, bell-shaped flowers to 2  cm long. USESGardening and ornamental purposes. Latex and Resins Chico (Manilkara zapota) Large tropical American evergreen yielding chicle gum and edible fruit; sometimes placed in genus Achras. The sapodilla is an attractive upright, slow-growing, long-lived evergreen tree. Distinctly pyramidal when young, with age the tree may develops a crown that is dense and rounded or sometimes open and somewhat irregular in shape. USES Because of the tannin content, young fruits are boiled and the decoction taken to stop diarrhea.An infusion of the young fr uits and the flowers is drunk to relieve pulmonary complaints. The crushed seeds have a diuretic action and are claimed to expel bladder and kidney stones. The latex is used in the tropics as a crude filling for tooth cavities. A paste of the seeds is applied on stings and bites from venomous animals. The latex can also be used as rubber. Papaya (Carica-papaya) Large palmlike plant (Carica papaya; family Caricaceae), cultivated throughout the tropics and warm subtropics, and its succulent juicy fruit.An evergreen, usually dioecious, tropical American tree  having a crown of palmately divided leaves with pinnate lobes and large yellow edible fruit. USES * A popular breakfast fruit in many countries, it is also used in salads, pies, sherbets, juices, and confections. * The juice of the unripe fruit contain an enzyme that is useful in various remedies for indigestion and in meat tenderizers. * Latex is collected in the fruit of the papaya tree. T he latex is collected after scoring t he neck of the fruit, where it may either dry on the fruit or drip into a container. Aleppo Pine (Pinus halepensis)A pine (Pinus halepensis) of southern Europe and the Levant that is of graceful habit, has usually two leaves in each persistent sheath, and yields a wood that is much used for shipbuilding. It is native to the Mediterranean area, and is planted as an ornamental and is a source of turpentine. USES * The resin of the Aleppo Pine is used to flavor the Greek wine  retsina. * The  Pinus halepensis  is widely planted for timber in its native area, being one of the most important trees in  forestry  in Algeria and Morocco. * This tree is also used as an ornamental tree which is extensively planted in gardens, parks, and private and agency landscapes.

Quiz Questions for Chapter 9

Quiz Questions for Chapter 9 1. A truck was purchased for $25,000. It has a six-year life and a $4,000 salvage value. Using straight-line depreciation, what is the asset’s carrying value (book value) after 2 1/2 years? a. $8,750. b. $12,250. c. $14,583. d. $16,250. 2. On January 1, 2003, Superior Landscaping Company paid $17,000 to buy a stump grinder. If Superior uses the grinder to remove 2,500 stumps per year, it would have an estimated useful life of 10 years and a salvage value of $4,500. The amount of depreciation expense for the year 2003, using units-of-production depreciation and assuming that 3,500 stumps were removed, is a. 2,380. b. $1,750. c. $1,700. d. $1,250. 3. The sale for $2,000 of equipment that cost $8,000 and has accumulated depreciation of $6,700 would result in a a. gain of $2,000. b. gain of $700. c. loss of $700. d. loss of $1,300. 4. Underestimating the number of tons of a mineral that can be mined over a mineral deposit’s life will result in a . overstated net income each year. b. overstated total assets each year. c. overstated depletion expense each year. d. no effect on total assets each year. 5. A copyright is obtained for what becomes a very successful book.The publisher expects the book to generate sales for 10 years. The copyright should be amortized over a. 2 to 4 years. b. 10 years. c. 40 years. d. the author’s life plus 50 years. The following information pertains to the next two questions. Z Company purchased an asset for $24,000 on January 1, 2004. The asset was expected to have a four-year life and a $4,000 salvage value. 6. The amount of depreciation expense for 2006 using double-declining-balance would be a. $2,000. b. $3,000. c. $6,000. d. $12,000. 7. Assume that Z Company uses straight-line depreciation.If on January 1, 2007, Z Company sells the asset for $10,000, the statement of cash flows would report a a. $1,000 cash inflow from gain on the sale of the asset in the operating activities section. b. $10,000 cash inflow from an asset disposal in the investing activities section. c. $9,000 cash inflow from an asset disposal in the financing activities section. d. a and c. 8. On January 1, 2006, Fulsom Corporation purchased a machine for $50,000. Fulsom paid shipping expenses of $500 as well as installation costs of $1,200. Fulsom estimated the machine would have a useful life of ten years and an estimated salvage value of $3,000.If Fulsom records depreciation using the straight-line method, depreciation expense for 2007 is. a. $4,870. b. $5,170. c. $5,270. d. $5,570. 9. Hickory Ridge Company purchased land and a building for $920,000. The individual assets were appraised at the following market values: Land $614,400 Building $345,600 Recording the land in the accounting records would a. increase land by $588,800. b. increase land by $614,400. c. increase assets by $920,000. d. Both a and c. 10 Penny Lane and Associates purchased a generator on January 1, 2006, for $6,300. The generator was estimated to have a five-year life and a salvage value of $600.At the beginning of 2008, the company revised the expected life of the asset to six years and revised the salvage value to $300. Using straight-line depreciation, the depreciation expense recorded in 2008 would a. decrease assets and equity by $1,140. b. decrease assets and equity by $930. c. decrease assets and equity by $1,005. d. decrease assets and equity by $1,500. 11 Which of the following statements about goodwill is true? a. The amount of goodwill is measured by subtracting the amount paid for assets from their fair market value on the purchase date. b. The amount of goodwill is recorded as an asset. . Recording impairment of goodwill reduces the amount of net income. d. All of the above. 12 XYZ Company paid cash for a capital expenditure that improved the operating efficiency of one of its assets. Which of the following reflects how this expenditure affects the company’s financial statement s? a. b. c. d. 13 Assets = +- +- – n/a Liab. n/a n/a n/a n/a + Equity n/a n/a – n/a Rev. – n/a n/a n/a n/a Exp. n/a n/a + n/a = Net Inc. n/a n/a – n/a Cash Flow – IA n/a – OA n/a KLM Company experienced an accounting event that affected its financial statements as indicated below: Assets = – Liab. n/a Equity – Rev. – n/a Exp. + = Net Inc. – Which of the following events could have caused these effects? a. recognizing depreciation. b. paying cash for a capital expenditure. c. amortizing a patent. d. none of the above. Cash Flow – OA 14. Which of the following correctly matches the type of long-term asset with the term used to identify how that asset’s cost is expensed? Building Oil Reserve Copyright a. Amortization Depreciation Depletion b. Depletion Amortization Depletion c. Amortization Depletion Depreciation d. Depreciation Depletion Amortization 15. Which of the following is true? . The book value of an asset is its estimated market value. b. The primary purpose of recording depreciation expense on the income statement is to reduce income tax expense. c. Recording depreciation expense decreases the book value of the asset in the year it was used to produce revenue. d. The accumulated deprecation for an asset provides the cash needed to replace the asset at the end of its useful life. Quiz Questions for Chapter 10 The following information pertains to the next seven questions. On January 1, 2003, XYZ Corporation issued a $5,000 face value bond that sold for 90.The bond had a five-year term and paid 10 percent annual interest. The company used the proceeds from the bond issue to buy land. The land was leased for $600 of cash revenue per year and was sold at the end of the 5th year for $4,200 cash. 1. The carrying value of the bond liability on January 1, 2003, would be a. $4,600. b. $4,500. c. $5,000. d. $4,000. 2. The amount of interest expense reported on the 2003 income sta tement would be a. $450. b. $400. c. $500. d. $600. 3. Interest expense reported on the income statement over the life of the bond would a. ncrease by $100 each year. b. decrease by $100 each year. c. be the same each year. d. equal the stated rate of interest. 4. The carrying value of the bond liability on December 31, 2007 would be a. $4,500. b. $5,000. c. $4,900. d. $4,600. 5. The sale of the land on December 31, 2007, would a. increase retained earnings by $300. b. increase equity by $4,200. c. reduce net income by $300. d. have no effect on retained earnings. 6. The total amount of liability associated with the bond issue would a. increase each year as a result of the amortization of the discount. b. ecrease each year as a result of the amortization of the discount. c. remain the same each year. d. always be equal to the face value of the bond payable. 7. The amount of the cash outflow for interest expense in 2005 would be a. $600. b. $400. c. $500. d. $ 0. Use the following in formation to answer the next three questions. On January 1, 2003 , Keynes Company issued a $20,000 face value bond that sold for 110. The bond had a ten-year term and a stated annual interest rate of 8 percent . 8. The carrying value of the bond liability on January 1, 2003, would be a. $20,000. . $22,000. c. $21,800. d. $20,200. 9. The amount of interest expense reported on the company’s 2003 income statement would be a. $1,200. b. $1,400. c. $1,600. d. $1,050. 10. The amount of interest expense reported on the company’s 2004 income statement would be a. $1,400. b. $1,600. c. $1,800. d. $2,000. 11. If a bond sells at a discount, which of the following is true? a. The market interest rate at the time of issue is greater than the stated interest rate on the bond. b. The market interest rate at the time of issue is less than the stated interest rate on the bond. c.The market interest rate at the time of issue is the same as the stated interest rate on the bond issue. d. The market interest rate is expected to increase above the stated interest rate on the bond. 12. On January 1, 2003, Ink, Inc. borrowed $100,000 cash from the Fidelity Bank on a note that had a 6 percent annual interest rate and a five-year term. The loan is to be repaid in annual payments of $23,741. 69 on January 1 each year. The amount of the January 1, 2004, payment applied to interest and to principal would be a. $6,000 / $94,000. b. $17,741. 69 / $94,000. c. $4,935. 0 / $82,258. 31. d. $6,000 / $17,741. 69. 13. Indigo Company can borrow up to $50,000 on its line of credit at the state bank. The company agrees to pay interest monthly at 2 percent above prime. Funds are borrowed or repaid on the first day of each month. Month Jan. Feb. March Amounts Borrowed or (Repaid) $15,000 $ (5,000) $30,000 Prime Rate 6 percent 5 percent 4 percent The amount of interest to be accrued on the March 31 is a. $225. 00. b. $100. 00. c. $133. 33. d. $200. 00. 14. XYZ Company experienced an accoun ting event that affected its financial statements as indicated below: Assets = Liab. + + Equity n/a Rev. – n/a Exp. n/a = Net Inc. n/a Cash Flow + FA Which of the following events could have caused these effects? a. A bond issued at face value. b. A bond issued at a discount. c. A bond issued at a premium. d. All of the above. 15. A bond will sell at a premium if: a. The market rate of interest is equal to the bond’s stated rate. b. The market rate of interest is greater than the bond’s stated rate. c. The market rate of interest is less than the bond’s stated rate. d. The bond is convertible into common stock. Quiz Questions for Chapter 11 1.The ZZ Corporation had the following shares of stock outstanding at December 31, 2003: Common Stock, $50 par value, 40,000 shares outstanding; and Preferred Stock, 6 percent, $100 par value, cumulative, 10,000 shares outstanding. Dividends for 2001 and 2002 were in arrears. On December 31, 2003, ZZ declared total cas h dividends of $250,000. The total amounts payable to preferred stockholders and common stockholders, respectively, are: a. $60,000 / $190,000. b. $120,000 / $130,000. c. $125,000 / $125,000. d. $180,000 / $70,000. Use the following information to answer the next four questions.The Kramer Company was started when it issued 200 shares of $5 par value common stock at a market price of $20 per share. The company repurchased 10 shares at a market price of $15 per share. Later the company reissued 5 shares at a market price of $20 per share. At the end of the first year of operations the company’s equity included $1,200 of retained earnings in addition to its contributed capital. 2. The entry to record the original issue of 200 shares of stock would a. increase cash by $4,000 / increase common stock by $4,000. b. ncrease cash by $4,000 / increase common stock and paid-in capital in excess of par value by $1,000 and $3,000, respectively. c. decrease cash by $4,000 / increase common stock common stock by $4,000. d. increase cash by $1,000 / increase common stock by $1,000. 3. The entry to record the purchase of the 10 shares of the company’s own stock would a. decrease assets / decrease equity. b. decrease assets / increase equity. c. decrease assets / increase treasury stock. d. both a and c. 4. What effect would reissuing the 5 shares have on the company’s paid-in capital from treasury stock transactions account? . No effect. b. Increase additional paid-in capital by $100. c. Increase additional paid-in capital by $25. d. Decrease additional paid-in capital by $75. 5. The total amount of stockholders’ equity at the end of the first year would be a. $5,150. b. $5,200. c. $1,200. d. none of the above. 6. Which of the following is an advantage of the corporate form of business organization? a. double taxation. b. amount of regulation. c. limited liability. d. entrenched management. 7. Jan Irving started a proprietorship on January 1, 2007 w ith a $1,000 cash contribution to the business.During the first year of operations the company generated $5,000 of cash revenue and incurred $2,000 of cash expenses. Also, Jan withdrew $500 from the business. At the end of 2007 the balance in the Jan Irving, Capital account was a. $1,000. b. $3,000. c. $3,500. d. $4,000. 8. ABC Company is authorized to issue 100,000 shares of common stock. The company issued 60,000 shares of common stock and later repurchased 15,000 shares of its own common stock. How many shares are outstanding? a. 60,000. b. 45,000. c. 100,000. d. 40,000. 9.An 8 percent stock dividend on 12,000 shares of outstanding preferred stock with a par value of $20 per share and a market value of $60 a share will have what effect on the accounting equation? a. Increase preferred stock by $57,600. b. Increase cash by $38,400. c. Decrease retained earnings by $19,200. d. Decrease retained earnings by $57,600. 10. Which of the following statements concerning a two-for-one stoc k split is true? a. The number of shares outstanding will decrease. b. The market price of the stock would be expected to increase. c. The company’s equity will increase. d. No journal entry would be necessary. 1. EFG Company paid cash to purchase treasury stock. Which of the following reflects how this event affects the company’s financial statements? a. b. c. d. 12. Assets – +- – +- = Liab. n/a n/a n/a n/a + Equity – n/a – n/a Rev. – n/a n/a n/a n/a Exp. n/a n/a + + = Net Inc. n/a n/a – – Cash Flow – FA – OA – FA – OA ZGAR Company distributed a stock dividend. Which of the following reflects how this event affects the company’s financial statements? a. b. c. d. Assets – n/a – n/a = Liab. n/a n/a n/a n/a + Equity – +- – +- Rev. – n/a n/a n/a n/a Exp. n/a n/a + n/a = Net Inc. n/a n/a – n/a Cash Flow n/a n/a – FA – FAQuiz for Chapte r 12 1. Which of the following cash transactions is classified as an investing activity on the statement of cash flows? a. Cash borrowed. b. Cash received from issuing stock. c. Cash received from revenue. d. Cash collected on a loan. 2. A building costing $55,000 with $16,500 of accumulated depreciation was sold for $40,000. How would the cash flow from the sale appear on the statement of cash flows? a. $1,500 in operating activities and $38,500 in investing activities. b. $40,000 in financing activities. c. $38,500 noncash financing and investing activities and $1,500 in operating activities. . $40,000 in investing activities. 3. The owners of X Company invested $2,000 in the company. X Company used the cash to invest in Y Company. On X’s statement of cash flows these transactions would be classified, respectively, as a. an investing activity and an investing activity. b. a financing activity and a financing activity. c. an investing activity and a financing activity. d. a financing activity and an investing activity. 4. Issuing a note for the purchase of land is an example of a. an investing activity. b. a financing activity. c. a noncash investing and financing activity. d. transaction that would not appear on the statement of cash flows. 5. The sum of the three major components (operating activities, investing activities, and financing activities) on a statement of cash flows will add up to a. the ending cash balance. b. the change in the cash account balance between the beginning and ending of the period. c. the amount of cash inflow for the period. d. net income for the period. Answers: Chapter 9: D, B, B, C, B, A, B, A, D, B, D, A, D, D, C Chapter 10: B, D, C, B, C, A, C, B, B, A, A, D, D, D, C Chapter 11: D, B, D, C, A, C, C, B, D, D, A, B Chapter 12: D, D, D, C, B