568 | Basic Financial Accounting and Reporting 2021 Edition by Prof. WIN Ballada11. Outstanding shares are thea. number of shares that have been distributed to shareholders.b. total number of shares that can be issued by the corporation at any time.C. number of shares that are owned by shareholders at the balance sheet date.d. number of shares the corporation has repurchased.12. Treasury shares are thea. number of shares that have been issued to shareholders.b. total number of shares that can be issued by the corporation at any time.C. number of shares that are owned by shareholders at the balance sheet date.d. number of shares the corporation has repurchased.13. The difference between issued shares and outstanding shares of stock isa.authorized stock.b. common stock.C. preferred stock.d. treasury stock.14. When Bradley Corporation incorporated, it was authorized to issue 1,000,000 sharesof common stock. It immediately issued 50,000 shares. In 2017, it issued anadditional 20,000 shares. In 2020, it repurchased 5,000 shares with the intent ofreissuing them. On the Dec. 31, 2020, balance sheet, Bradley Corporation wouldshowa. 50,000 shares issued and 45,000 shares outstanding.b. 70,000 shares issued and 65,000 shares outstanding.70,000 shares issued and 70,000 shares outstanding.d. 1,000,000 shares issued and outstanding.C. Preference shares of stock may be issued with par or no-par value.2. A corporation can be a general partner in a partnership.-3. The board of directors shall exercise the corporate powers of a corporation.- 4. A public corporation is one formed for the government of a portion of the state.5. All incorporators are subscribers but a subscriber need not be an incorporator.2 6. A partnership can be a corporator in a corporation.7. No-par value shares may not be issued without being fully paid.A shareholder in a corporation does not have the right to transact corporatebusiness or to intervene in the management of the business.9. A corporation can come into existence by mere agreement of the parties as in thecase of partnerships.2 1.8.10. A corporation can be held liable for personal indebtedness of a shareholder.11. Shareholders may be natural or juridical persons.12. No-par value shares have a minimum stated value of P5.00 per share.13. Each of the incorporators of a stock corporation must own or be a subscriber to atleast two (2) shares of the share capital of the corporation.14. The board of directors is responsible for the formulation and implementation of theoverall policies for the corporation.15. Eleemosynary corporations are those organized for public charity.16. A corporation is an artificial being with a personality separate and apart from itsindividual shareholders or members.17. Shares of stock cannot be transferred without the consent of the othershareholders.18. Shareholders of a corporation elect the board of directors, who in turn appoint thetop officers of the corporation.19. Under the RCCP, at least twenty five percent of authorized share capital must besubscribed and at least twenty-five percent of the total subscription must be paidupon subscription. In no case shall the paid-up capital be less than P5,000.20. A corporation has continuity of existence which permits the business to continueregardless of changes in ownership or the death of a shareholder.21. Only natural persons can be incorporators.22. Any individual shareholder in a corporation may personally be held liable for alldebts incurred by the corporation.23. Non-stock corporations may be formed or organized for charitable, religious,educational, professional, cultural, recreational, fraternal, literary, scientific, social,civic service, or similar purposes.24. A corporation is created by agreement of the shareholders.25. All incorporators (if they continue to be shareholders) are corporators of acorporation.

Hey there since multiple questions are posted only the first three questions will be answered.…

11. Outstanding shares are the a. number of shares that have been distributed to shareholders. b. total number of shares that can be isued by the corporation at any time. C. number of shares that are owned by shareholders at the balance sheet date. d. number of shares the corporation has repurchased. 12. Treasury shares are the a. number of shares that have been issued to shareholders. b. total number of shares that can be issued by the corporation at any time. number of shares that are owned by shareholders at the balance sheet date. d. number of shares the corporation has repurchased. C. 13. The difference between issued shares and outstanding shares of stock is a. authorized stock. b. common stock. C. preferred stock. d. treasury stock.

11. Outstanding shares are the a. number of shares that have been distributed to shareholders. b. total number of shares that can be isued by the corporation at any time. C. number of shares that are owned by shareholders at the balance sheet date. d. number of shares the corporation has repurchased. 12. Treasury shares are the a. number of shares that have been issued to shareholders. b. total number of shares that can be issued by the corporation at any time. number of shares that are owned by shareholders at the balance sheet date. d. number of shares the corporation has repurchased. C. 13. The difference between issued shares and outstanding shares of stock is a. authorized stock. b. common stock. C. preferred stock. d. treasury stock.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

The charter of a corporation provides for the issuance of 119,000 shares of common stock. Assume that 55,000 shares were originally issued and 11,100 were subsequently reacquired. What is the number of shares outstanding? a. 55,000 b. 43,900 c. 119,000 d. 11,100
Which of the following changes the total shareholder's equity balance? Issuance of share certificates due to subscription receivable fully paid Declaration of cash dividends Issuance of share rights Declaration of large bonus issue
Issued shares are the number of O authorized shares that have been sold. O shares a corporation is legally able to sell. shares sold each year by the corporation. O authorized shares in the corporation's articles of incorporation.
The par value of ordinary shares is equal to? a. The amount received by the corporation when the share is originally issued. b. The amount of which the share is currently trading in the stock market. c. A designated peso amount per share established in the articles of incorporation d. A designated peso amount per share which should not be lower than ₱5. e. All of the choices
From page 10-1 of the VLN, what is the difference between issued shares and outstanding shares? A. Authorized shares. B. Unissued share. C. Treasury shares. D. There is no difference between issued shares and outstanding shares.
nkt.3
Question Content Area The charter of a corporation provides for the issuance of 110,854 shares of common stock. Assume that 36,504 shares were originally issued and 3,924 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? a. $36,504 b. $65,160 c. $3,924 d. $110,854
Quèstion 13 Treasury shares are issued and outstanding shares shares held as an investment by the treasurer of the corporation shares held as an investment of the corporation issued but not outstanding shares
Authorized registered capital represents a. Number of shares that shareholders have subscribed for at the issue of shares b. The maximal number of shares joint stock company which could be soldc c . Registered capital recorded in companies register d. The sum of minimal values of shares that was really paid by sha
11. It is also known as additional paid in capital. 12. The maximum number of shares a corporation is allowed to issue over its life. 13. The kind of share which is given special privileges as to the earnings of the corporation and its assets upon liquidation. 14. These are shares which are partially paid. 15. A corporation established for public charity. Choices:
The charter of a corporation provides for the issuance of 136,000 shares of common stock. Assume that 66,000 shares were originally issued and 10,900 were subsequently reacquired. What is the number of shares outstanding? a.66,000 b.136,000 c.10,900 d.55,100
A corporation has the following account balances: Common Stock, $1 par value, $80,000; Paid-in Capital in Excess of Par Value, $2, 700,000. Based on this information, what is the (A) legal capital (B) number of shares issued (C) number of shares outstanding and (D) average price per share issued