Which of the following is most likely true regarding payment of dividends? a. Dividends may be paid from legal capital b. Retained earnings are available for dividends unless restricted by contract or by statute c. Unrealized capital is available for any type of dividend d. Capital from donated assets is available for dividends

Q: Under IFRS, a company: a. should evaluate only equity investments for ­impairment. b. accounts for…

A: Option C is correct.

Q: Which of the following statements is incorrect?      A. Dividend payments can be influenced by cash…

A: Dividends are the amount of profits distributed to the shareholders of the company.

Q: Q. Which of the following is within the scope of investments accounted for using the equity method…

A: Equity Method of accounting:           Any entity can invest in another entity by acquiring less…

Q: IFRS requires companies to measure their financial assets at fair value except when based on:(a)…

A: International Financial Reporting Standards:   IFRS (International Financial Reporting Standards) is…

Q: 1. What is the differences between restricted and unrestricted investment account?   (A) Right to…

A: Islamic  Accounting Islamic accounting can be defined as the process of accounting based on  Islamic…

Q: Under IFRS, the amount of capital received in excess of par value would be credited to: a.…

A:

Q: Several regulations limit dividend payments. Which of the following do not limit dividend payments?…

A: Several regulations limit dividend payments.  Including

Q: stockholders of a portion of their original investments is a

A: Property dividend is when a company pays dividend to its shareholders in the form of assets.…

Q: Please answer with reason for all why the option is correct and why the other options are…

A: The correct option is C. Share application account.Explanation:When money is received at the time of…

Q: Accounting: type question:, Which of the following items is not taken in profit and loss…

A: Profit and loss appropriation accounts show the distribution of profit and loss. It is prepared…

Q: 7) In ____________, funds are transferred when one party purchases financial assets previously held…

A: Financial institutions are those institutions which help in the transfer of funds or assets between…

Q: Why is the term liquidating dividend used to describe cash dividends debited against paid-in capital…

A: Cash dividends: This is the amount of cash distributed to stockholders by a company out its…

Q: Any transaction between a current account and another current account does not affect [A] profit…

A: Working capital: The measure which evaluates the ability of a company to pay off the short-term debt…

Q: When an investor has significant influence over an investee, the investor must use the equity method…

A: The investor can use 2 methods to recognize the investee in its consolidated financial statements…

Q: Payments to acquire bonds of other corporations should be classified on a statement of cash flows…

A: The purchase of bonds of other corporations is a corporate investment and is therefore included in…

Q: oncept of capital maintenan -defines the level of profitabil

A: Capital maintenance: It is an accounting principle that says that a business should recognize its…

Q: Why might the riskiness of cash flow from the residual value of the real estate differ from the…

A: It is nothing but the salvage value or scrap value of an asset. It speaks to the measure of…

Q: Which of the following statements is not an objective of financial reporting?  a.  To provide…

A: THE OBJECTIVE OF FINANCIAL REPORTING IS TO TRACK ANALYSE AND REPORT YOUR BUSINESS INCOME . THE…

Q: Compare and contrast these charges, paying particular attention to how they are created and…

A: Fixed ChargeIf a debt is subject to a fixed charge, the borrowing will be secured against a…

Q: Is it true or not? An entity shall prepare all its financial statements, except the statement for…

A: An organisation can report revenue before obtaining payment for the products or services sold and…

Q: The selection of the appropriate concept of capital by an entity should be based on the needs of the…

A:

Q: What do an appropriation of accumulated profits and a declaration of a cash dividend have in common?…

A: Cash dividends are accounted for as a reduction of retained earnings(Accumulated profits)…

Q: Investments in debt instruments are financial assets because they are   A. Equity instruments of…

A: Solution: Investments in debt instruments are financial assets because they are "Contractual rights…

Q: Why are liability accounts included in the capital acquisitionand repayment cycle audited…

A: Liability accounts in the capital acquisition and repayment cycle are audited differently from…

Q: dividends paid as financing activities. If you determine that any of the items do not belong in any…

A: The cash flow statement is prepared to record the cash flow from various activities during the…

Q: PFRS 9 can an entity classify financial assets that meet the amortized cost criteria as at FVTPL?

A: As per PFRS 9, an entity may classify financial assets initially according to the measurement at…

Q: True or False 1. A cash dividend declared before the balance sheet date when the date of record is…

A: Deferred tax is a fictitious asset or liability that reflects corporate personal income tax on a…

Q: When a company decides to pay a dividend, explain what makes the payment a dividend as opposed to…

A: Dividends will be declared and paid by the companies to their shareholders. There are two types of…

Q: How will each of the following events ultimately affect the amount of cash?   An increase in the…

A: Cash is the amount of cash in hand and bank balance held at the end of the period. Some events can…

Q: please fill the empty spot from the acco

A: Introduction:- Preparation of the entries to record Novak's purchase of the bonds on January 1,…

Q: Which of the following is not one of the primary considerations management must make before a cash…

A: Answer: Primary considerations are those which directly impact any decisions made for the company.…

Q: Why dividends are not deductible?And what could be the order of priority regarding income and assets…

A: Dividends: It refers to the that part of the profit that is given to common shareholders. It is…

Q: I. Contractual appropriation J. Share appreciation right K. Quasi-reorganization L Share dividends…

A: The question is related retun on capital. Capital dividend or liquidating dividends are return on…

Q: True or False, pls explain why 8) Appropriated retained earnings are for dividend payments True…

A: Appropriated retained earnings is that part of retained earnings that has been set aside by the…

Q: When are dividends considered Ordinary Income? Give Code Section b)When are dividends considered…

A: The Internal Revenue Code includes several provisions that govern the taxation of dividends,…

Q: investments in debt instruments are financial asset

A: First option is wrong because debt instruments are not equity instruments. Second option is wrong…

Q: Several regulations limit dividend payments. Which of the following do not limit dividend payments?…

A: the following do not limit dividend payments   a. Liability restriction