Question 1 What is the accounting treatment of the direct issue costs of shares of stocks? O Debit to the related share premiuin during organization stage and operating stage Debit to organizational cost during the organization stage Debit to revenue expenditure during the operating stage Debit to accumulated expenses during the operating stage D Question 2 What is the total number of shares that a corporation may issue under its charter? O Authorized shares Issued shares o Unissued shares O Treasury shares E Question 3 In case shares are issued for outstanding liabilities, what is the measure of recording share capital and share premium? O Par value of the shares issued Amount of liabilities set-off Fair value of the shares issued Book value of the shares issued
Question 1
What is the accounting treatment of the direct issue costs of shares of stocks?
O Debit to the related share premiuin during organization stage and operating stage
Debit to organizational cost during the organization stage
Debit to revenue expenditure during the operating stage
Debit to accumulated expenses during the operating stage
D
Question 2
What is the total number of shares that a corporation may issue under its charter?
O Authorized shares
Issued shares
o Unissued shares
O Treasury shares
E
Question 3
In case shares are issued for outstanding liabilities, what is the measure of recording share capital and share premium?
O Par value of the shares issued
Amount of liabilities set-off
Fair value of the shares issued
Book value of the shares issued
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