At the date of the financial statements, ordinary shares issued would exceed ordinary shares outstanding as a result of the Declaration of stock dividend Purchase of treasury shares Payment in full of subscribed shares Declaration of stock split

At the date of the financial statements, ordinary shares issued would exceed ordinary shares outstanding as a result of the Declaration of stock dividend Purchase of treasury shares Payment in full of subscribed shares Declaration of stock split

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 6MC: For purposes of computing the weighted average number of shares outstanding during the year, a...

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Authorized stock represents the: number of shares that are currently held by stockholders. number of shares that have been sold. number of shares that have been repurchased by the corporation. maximum number of shares that can be issued.
Treasury stock is listed as a(n) __________ on the balance sheet. (a) current liability (b) current asset (c) deduction from stockholders equity (d) addition to stockholders equity
At the date of the financial statements, ordinary shares issued would exceed ordinary shares outstanding as a result of the a. Payment in full of subscribed shares b. Purchase of treasury shares c. Declaration of stock split d. Declaration of stock dividend
As of the date of the financial statements, the number of common shares issued will exceed the number of shares outstanding as a result of the: o. purchase of treasury stocks. b. declaration of a large stock dividend. c. declaration of a "Stock split" or fractionation of shares. d. immediate purchase and withdrawal of common shares.
What is the entry to record issuance of shares after all cash have been received from a share subscription, assuming an entry to record ordinary shares authorized was made at the time of incorporation? * a. Dr. Subscribed ordinary shares and Cr. Ordinary shares b. Dr. Subscribed ordinary shares and Cr. Ordinary shares as well as Share premium c. Dr. Subscribed ordinary shares and Cr. Unissued ordinary shares d. Dr. Subscriptions receivable and Cr. Subscribed ordinary shares as well as Share premium
When treasury shares are reissued as dividends, what amount shall becharged to accumulated profits? A. Cost of the treasury sharesB. Par value of the treasury sharesC. Fair value of the treasury shares on the date of declarationD. Fair value of the treasury shares on the date of issuance
Common stock shares issued will exceed common stock shares outstanding as a result of the O payment in full of subscribed stock. O declaration of a stock split. O purchase of treasury stock. O declaration of a stock dividend.
Which of the following is entitled to dividends? Total outstanding liability Total authorized shares Total shares issued Total shares issued, net of treasury shares What is the date on which the fair value of the equity instrument granted is measured? Grant date Report date Measurement date Exercise date
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 shares heid as an investment by the treasurer of the corporation. shares held as an investment of the corporation. Issued and outstanding shares. issued but not outstanding shares.
Which of the following transactions does not affect the Total Contributed Capital of the company? Conversion of Bonds Payable to Ordinary Shares Declaration of Cash Dividends Conversion of Preference Shares to Ordinary Shares Declaration and Issuance of 25% Stock Dividends Declaration and Issuance of 10% Stock Dividends
Which of the following affects the total Shareholders’ Equity? Appropriation of retained earnings Declaration of a scrip dividend Declaration of share split Retirement of treasury shares
1. The issuer of an ordinary share dividend to ordinary shareholders should transfer from retained earnings to contributed capital an amount equal to the a. fair value of the shares issued. b. par or stated value of the shares issued. c. book value of the shares issued. d. minimum legal requirements. 2. Statement 1: Treasury shares are a company’s own shares that have been reacquired and retired. Statement 2: The cost method records all transactions in treasury shares at their cost and reports the treasury shares as a deduction from ordinary shares. a. Only statement 1 is correct b. Only statement 2 is correct c. Both statements are correct d. Both statements are incorrect. 3. The declaration and issuance of a share dividend a. increases ordinary shares outstanding and increases total equity. b. increases retained earnings and increases total equity. c. decreases retained earnings but does not change total equity. d. may increase share premium but does not change total…