The excess of retirement cost over theoriginal issuance price isDebited to Share Premium - TreasurySharesDebited to Retained EarningsDebited to Share CapitalBoth a and b respectivelyWhich of the following is an appropriatepresentation of treasury stock?"As a marketable securityAs a deduction at cost from totalstockholders' equityAs a deduction at cost from totalcontingent liabilitiesAs a deduction at par from totalstockholders' equity

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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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When using discounted dividend method to estimate stock price, which of the following should be used as the discount rate? - required return of debt - risk free rate - required return of the equity - WACC - Bank deposit rate
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For fi nancial assets classifi ed as held to maturity, how are unrealized gains and losses refl ected in shareholders’ equity?B . Th ey fl ow through retained earnings.
Diluted earnings per share shows dilution resulting from additional shares that may be issued for stock options or bonds that may be converted to shares of common stock in the future. True False
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hh.3
4. Define the following terms. Signaling hypothesis; clientele effect Residual distribution model; extra dividend Declaration date; holder-of-record date; ex-dividend date; payment date Dividend reinvestment plan (DRIP) Stock split; stock dividend; stock repurchase
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The excess of retirement cost over the original issuance price is * Debited to Share Premium - Treasury Shares Debited to Retained Earnings Debited to Share Capital Both a and b respectively