Which of the following are included in the total contributed capital of a corporation? I. Share capital accounts II. Additional paid in capital accounts III. Retained Earnings IV. Share dividends distributable I,II,III and IV I ,II and IV I and II I,II and III
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Which of the following are included in the total contributed capital of a corporation?
I. Share capital accounts
II. Additional paid in capital accounts
III.
IV. Share dividends distributable
- I,II,III and IV
- I ,II and IV
- I and II
- I,II and III
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- The total amount of cash and other assets received by a corporation from the stockholders in exchange for the shares is ________. A. always equal to par value B. referred to as retained earnings C. always below its stated value D. referred to as paid-in capitalWhich of the following are included in the total legal capital of a corporation assuming the corporation has a par value?I. Share capital accounts II. Additional paid in capital accountsIII. Retained EarningsIV. Share dividends distributable I only I and II I and III I and IVIt is that part of the subscribed share capital which has been paid to the corporation a. Subscribed share capital b. Issued share capital c. Authorized share capital d. Paid-up share capital e. Paid-in share capital
- 4. It is that part of the subscribed share capital which has been paid to the corporation a. Paid-in share capital b. Issued share capital c. Subscribed share capital d. Authorized share capital e. Paid-up share capitalSubject: Financial Accounting and Reporting Required: Determine the followinga. Issue price of preference sharesb. Ordinary shares issuedc. Ordinary shares outstandingd. Issue price of ordinary sharese. Legal capital of the corporationf. Contributed capital of the corporationg. Total shareholders’ equityh. Cost per treasury shareThe amount attributable to every share outstanding in case a corporation is liquidated.A. book valueB. par valueC. stated valueD. Market value
- How would the share dividends distributable account balance be presented on the statement of financial position? * a. as part of current liabilities b. as addition to share capital c. as addition to retained earnings d. as addition to additional paid in capitalLiquidating dividends are credited to a. incomeb. Retained earningsc. Investment accountd. share capitalThe par value of ordinary share capital represents a. The amount received by the corporation when the share was originally issued. b. The book value of the share capital c. The liquidation value of the share capital d. The legal nominal value assigned to the share capital
- The balance of the income summary account of a corporation is transferred to which of the following accounts? Capital Stock Cash Premium on Sale of Capital Stock Retained Earnings.Cash dividends declared but not paid as of the statement of financial position date are reported as a. current liabilityb. deduction from Cashc. addition to Share Capitald. addition to Additional Paid-in CapitalFinancial Accounting and Reporting Topic: Issuance of Share Capital