When treasury shares are reissued below the reacquisition cost, the difference between the reissuance price and the cost is debited to the following order of priority: (1) Share Premium – Treasury Shares; (2) Treasury Shares (1) Share Premium – Treasury Shares; (2) Retained Earnings (1) Retained Earnings; (2) Share Premium – Treasury Shares O (1) Treasury Shares; (2) Retained Earnings

Q: In applying the treasury shares (i.e., cash in/cash out) method to determine the dilutive effect of…

A: The proceeds are assumed to be received upon exercise of the options, and warrants are used to…

Q: Indicate the effects of each of the following transactions on Assets, Liabilities, Share Capital and…

A: Each financial transaction in a business affects at least two accounts so that the accounting…

Q: Under the cost method, the journal entry to record the repurchase of a treasury share for more than…

A: Shares mean the small portion of ownership that is issued by the company. When the investor's…

Q: The shareholder's equity account of Macquin Company as of December 31, 2021 was as follows: Ordinary…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: By default, issuance costs of shares is debited to Share Capital Retained Earnings Issuance Cost…

A: There are 2 methods to deal with the share issue cost. 1.  Share issue cost are debited to share…

Q: What is the accounting treatment of the direct issue costs of shares of stocks? Debit to the…

A:

Q: See

A: a. Share Capital – Ordinary as of December 31, 2021       -  P1689600 b.  Share Premium – Ordinary…

Q: When common stock is issued at an amount greater than par value, the difference between the par…

A: When common stock is issued for more than its par value, the difference between par value and…

Q: Under the par value method, the balance in the Treasury Stock account for a company's common stock…

A: The common stock which represents the par value or nominal value which has been assigned to each…

Q: Which of the following would affect the Share Premium - Issuance account in relation to treasury…

A: Treasury stock: Shares which are bought back by the company from the open market but not retired…

Q: 1.  Determine the year end balance of the Treasury Shares. 2.  Determine the year end balance of the…

A: Buy-back of shares means the re-acquisition of the share capital of own company from the capital…

Q: It is calculated, taking into account the outstanding equity shares of the company A. Conversion…

A: Issue of shares is an important source of finance for the business. Several type of shares can be…

Q: The entry to record the reissuance of treasury shares above their original acquisition cost includes…

A: Treasury shares are those shares which are already issued shares of the company and which are bought…

Q: It represents the cumulative balance of periodic earnings, dividend distributions, prior period…

A: Retained earnings is defined as portion of profits which remains available in the company after…

Q: share dividends distributable account balance

A: Share dividends distributable account balance is the amount of share dividends declared and still…

Q: Gains on sale of treasury shares (cost method) should be credited to  •Share premium – treasury…

A: Treasury shares are those shares which are purchased by the company of it own shares. When these are…

Q: when shares are issued at a premium the value of the share premium should be :

A: Answer:   Option c.

Q: How should a "gain" from the sale of treasury stock be reflected when using the cost method of…

A: ANSWER   It will be recorded as a paid-in capital from treasury stock. Although the company made a…

Q: remium on issue of shares is a revenue expenditure

A: Premium on issue of shares is not a revenue expenditure.

Q: Sale of treasury shares at less than cost shall be charged to *       a. Loss on sale of treasury…

A:

Q: Which of the following affects the total Shareholders’ Equity? Appropriation of retained earnings…

A: Appropriation of retained earnings: The appropriation of retained earnings means to allocate the…

Q: When treasury shares are reissued as dividends, what amount shall be charged to accumulated profits?

A: Treasury Stock also known as treasury shares are the outstanding equity shares of a company…

Q: When the selling price of treasury shares is greater than its cost, the company credits the…

A: The treasury stock includes the own shares of the company purchased from the shareholders. The…

Q: Dividends in arrears on preference shares are reported in the financial statements as a (an) a.…

A: dividend are paid by the company to its shareholders.both the shareholder whether it is common stock…

Q: If shares are issued for a non-cash asset, the share should be recorded at?    a. Zero b. Fair…

A: Solution: If shares are issued for a non-cash asset, the share should be recorded at "Fair value"…

Q: Accounting Question

A: Please find the answer to the above question below:

Q: Which of the following is not a method that may be used to account for treasury shares? a. Cost…

A: The treasury shares are the shares which are reacquired by the issuing company from the…

Q: Which of the following affects the total Shareholders’ Equity?     a. Declaration of a scrip…

A: a Declaration of a scrip dividend :- this dividend is paid to shareholders  at later date , company…

Q: Indicate how each of the following accounts should be classified in the equity section.(a) Share…

A: Equity: The term equity is also known as net assets. It is the residual interest of the owner in the…

Q: The excess of retirement cost over the original issuance price is * Debited to Share Premium -…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…