At the date of the financial statements,common stock shares issued would exceedcommon stock shares outstanding as aresult of the *declaration of a stock split.declaration of a stock dividend.purchase of treasury stock.payment in full of subscribed stock.Treasury shares areshares heid as an investment by thetreasurer of the corporation.shares held as an investment of thecorporation.Issued and outstanding shares.issued but not outstanding shares.

Treasury share:- It refers to previously outstanding share that is bought back from stockholders by…

Answered: At the date of the financial…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The following statements are true, except: a. All issued shares are outstanding shares b. All outstanding shares are issued shares c. Treasury shares becomes unissued shares when canceled. d. Subscribed shares are part of unissued share capital
Which one of the following events would not require a Journal entry on a corporation's books? Multiple Choice 2-for-1 stock split 2% stock dividend 100% stock dividend $1 per share cash dividend
The "Float" of a company's stock represents: Total shares not held by Officers and Directors. Total shares outstanding and available for trading by the public. Total shares outstanding and held by Institutions. The average daily volume of trading in a company's common shares.
Indicate whether the following actions would (+) increase, (-) decrease, or (0) not affect Indigo Inc.'s total assets, liabilities, and stockholders’ equity: Stockholders' Liabilities Assets Equity (1) Authorizing and issuing stock certificates in a stock split Declaring a stock dividend Issuing stock certificates for the stock (2) (3) dividend declared in (2) (4) Declaring a cash dividend (5) Paying the cash dividend declared in (4)
Which of the following statements is correct? A corporation's issued stock may exceed its outstanding stock. A corporation's outstanding stock may exceed its authorized stock. A corporation's issued stock may exceed its authorized stock. A Corporation's treasury stock may exceed its issued stock. A corporation's treasury stock may exceed its authorized stock.
The correct order from the smallest number of shares to the largest number of shares is: a. Authorized, issued, and outstanding.b. Outstanding, issued, and authorized.c. Issued, outstanding, and authorized.d. Issued, authorized, and outstanding.
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Which of the following occurs when a corporation's board of directors declares a 10% stock dividend? A. Stock Dividends will be debited for the new shares times the current market value of the stock. B. Stock Dividends will be credited for the new shares times the current market value of the stock. C. Stock Dividends will be credited for the new shares times the par value of the stock. D. Stock Dividends will be debited for the new shares times the par value of the stock.
3. Authorized shares represent the a.number of shares that have been sold. b.number of shares that are currently held by shareholders. c.number of shares that have been repurchased by the corporation. d.maximum number of shares that can be issued.
Match the following terms with their definitions (not every letter is used) 1. Outstanding stock 2. Issued stock Authorized stock 4. Paid-in Capital Retained earnings a. The earnings not paid out in dividends. b. Shareholders can lose no more than the amount they invested in the company. c. The corporation's own stock that is reacquired. d. The amount invested by stockholders. e. Total number of shares available to sell. f. Shares can be returned to the corporation at a predetermined price. g. Shares held by investors. h. Shares receive priority for future dividends if dividends are not paid in a given year. i. Shares actually sold.
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Explain each of the following terms: authorized ordinary shares, unissued ordinary shares, issued ordinary shares, outstanding ordinary shares, and treasury shares.

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At the date of the financial statements, common stock shares issued would exceed common stock shares outstanding as a result of the * declaration of a stock split. declaration of a stock dividend. purchase of treasury stock. payment in full of subscribed stock. Treasury shares are