Want help If a company issues shares of stock, whichaccount is affected?a) Accounts Receivableb) Retained Earningsc) Common Stockd) Inventory

Explanation of Accounts Receivable: Accounts receivable refers to the money owed to a company by its…

Answered: If a company issues shares of stock,…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings

Section: Chapter Questions

Problem 8RQ

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Similar questions

Which of the following measures the portion of a corporations profit allocated to each outstanding share of common stock? A. retained earnings B. EPS C. EBITDA D. NOPAT
Which of the following are not part of common equity? a. preferred stock c. retained earnings b. common stock d. treasury stock
Which of the following is true of a stock dividend? A. It is a liability. B. The decision to issue a stock dividend resides with shareholders. C. It does not affect total equity but transfers amounts between equity components. D. It creates a cash reserve for shareholders.
Treasury Stock Refer to the information for Heitman Company above. Required: 1. How will this transaction affect stockholders equity? How will this transaction affect net income?
Stock subscriptions receivable are listed as __________ on the balance sheet. (a) current liabilities (b) current assets (c) long-term assets (d) contra-stockholders equity
Answer
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Which of the following is not normally found in the total equity section of a company's statement of financial position? A. Retained earnings B. Ordinary share capital C. Dividends payable to the ordinary shareholders D. Share premium
Which of the following balance sheet accounts will be affected by a stock dividend but not by a stock split? A. Common stock B. Dividends-in-arrears C. Cash D. Retained earnings
Which of the following affects the total Shareholders’ Equity? a. Declaration of a scrip dividend b. Declaration of share split c. Appropriation of retained earnings d. Retirement of treasury shares
When a company issues a stock dividend, which of the following would be affected? Group of answer choices Total liabilities. Total assets. Earnings per share. Total shareholders' equity.
Which of the following does not appear under the heading: Capital and reserves in a company balance sheet? A. Ordinary share capital B. Debentures C. Share premium account D. Non- voting shares.

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If a company issues shares of stock, which account is affected? a) Accounts Receivable b) Retained Earnings c) Common Stock d) Inventory