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Which of the following formulas is correct regarding the different status of shares of stock: authorized shares, issued shares, outstanding shares, and treasury shares? a. Issued – Treasury = Outstanding b. Issued + Treasury = Authorized c. Authorized + Treasury = Issued d. Issued + Outstanding + Treasury = Authorized

When shares are issued fully payable on application, the journal entries to record the issue and allotment (assuming the minimum subscription is reached) are: Select one:   a. Dr Cash Trust Cr Application Dr Cash Cr Cash trust   b. Dr Cash Cr Application Dr Application Cr Share Capital   c. Dr Cash Trust Cr Application Dr Application Cr Share capital Dr Cash Cr Cash Trust   d. Dr Cash Cr Allotment Dr Allotment Cr Share capital

Match each of the following preferred stock features with its description.Preferred Stock                       Features Description 1. Convertible             a. Prior unpaid dividends receive priority. 2. Redeemable           b. Shares can be sold at a predetermined price. 3. Cumulative            c. Shares can be exchanged for common stock.

Which of the following classifications represents the most shares of common stock?a. Unissued sharesb. Issued sharesc. Treasury sharesd. Outstanding sharese. Authorized shares

Preference shares Select one: a. have a fixed rate of divided. b.   have a share on company reserves.   c. are a liability to the company. d. have voting rights.

What is prefences share captial? What is the journal entries mean?

Which of the following should be reported for share capital? Select one: a. The shares outstanding b. The shares authorized C. All of these choices are correct. d. The shares issued

Treasury stock shares are shares of stock that are: Select one: a. Authorized and issued, but not outstanding. b. Authorized but not issued. c. Authorized and issued, and outstanding. d. Authorized and outstanding.

Information disclosed in a balance sheet/statement of financial position about shares of common stock/ordinary stock includes the number of shares that are: Select one: a. Authorized and issued. b. Authorized, issued, outstanding and non-outstanding. c. Authorized, issued and outstanding. d. Issued and outstanding.

Plz solve it’s timed!!

If all prefers dividned payments that have been missed must be payed before any common stock dividned can be paid, the preffered stock is called ____________ prefferd stock. A. Cumulative B. Participating C. nonparticipating D. Voting E. Duel class

1. Subscribed Share Capital shall be presented as 2. Treasury shares are an entity’s own shares that were previously issued but are subsequently reacquired but not retired. Treasury shares are favorably accounted for 3. Which of the following is the second priority in the valuation of shares issued for services received? a. Par Value of shares b. Billings on services c, FV of services d. FV of shares

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14. When the equity shares are issued for noncash consideration, the share capital is recorded at an amount equal to the following in which order of priority Group of answer choices a. Fair value of shares issued – Fair value of the noncash consideration received – Par value of the shares issued. b. Fair value of noncash consideration received – Fair value of shares issued – Par value of the shares issued. c. Par value of the shares issued – Fair value of noncash consideration received – Fair value of shares issued. d. Fair value of shares issued – Par value of shares issued – Fair value of noncash consideration received.