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- Which of the following item does not appear under the head ‘Reserves and Surplus’ in Balance Sheet a. General reserve b. Sinking Fund c. Unclaimed Dividend d. Securities PremiumWhich of the following is not an undistributable reserve? A. Share premium account B. Capital redemption reserve C. Unrealised profits D. Accumulated realised profitsWhich of the following is False in regards to Share premium account? a. It will be shown under the shareholders equity b. It will be collected when the issue price is more than the par value of shares c. It will be collected when the par value of share is more than the issue price d. It will not be shown under current assets in the balance sheeting
- The purchase of treasury share does not affect Group of answer choices total assets. the amount of share outstanding. total shareholders’ equity. the amount of share issued.Which of the following can not be used for redemption of preference shares? A. Insurance Fund B. Workmen's Compensation Fund C. General Reserve D. Profit Prior to IncorporationWhich of the following is not a defining feature of common stock? a residual claim on assets voting rights a residual claim on cash flows a fixed return
- Answer the following questions correctly. 1.Explain the accounting for the issuance of: a. Par value share b. No-par value share 2. Explain the accounting for share capital issued for noncash considerationsThe Share Premium-Ordinary account represents the amount of legal capital. is reported as part of equity on the statement of financial position. is credited when a no-par share does not have a stated value. normally has a debit balance. OOOWhich one or more of the following would you not include within the heading Equity and Reserves in a company’s Statement of financial position: Revaluation reserve or Share premium account, or Redeemable Preference Shares or Dividend declared.
- Which of the following items would not appear in the section of the statement of financial position (balance sheet) headed 'Capital and reserves'? a) Share premium b) Revaluation reserve c) Preference shares d) DebenturesQ.6 (a): What is treasury stock? Why is it deducted from stockholders equity? Q.6 (b): How is an unconsolidated subsidiary presented on a balance sheet? And describe donated capital?Which of the following does not appear under the heading: Capital and reserves in a company balance sheet? A. Ordinary share capital B. Debentures C. Share premium account D. Non- voting shares.