ESPAÑOLINGLÉSFRANCÉSUndeclared dividends (in arrears) to cumulative preferredstockholders must be filedto.in the notes to the financial statements.b.as an increase in current debts.С.as an increase in long-term debt.Enviar coGuardadoContribuir

Solution:- As we know, the preferred shares are paid dividend prior to common shares. There is a…

Answered: Undeclared dividends (in arrears) to…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter20: Corporations: Organization And Capital Stock

Section: Chapter Questions

Problem 4MC: Stock subscriptions receivable are listed as __________ on the balance sheet. (a) current...

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Undeclared dividends (in arrears) to cumulative preferred stockholders must be filed as: a. as an increase in current debts. b. as an increase in long-term debt. c. in the notes to the financial statements.
The debt to assets ratio measures the proportion of interest paid relative to dividends paid. the company's profitability. O whether interest can be paid on debt in the current year. O the percentage of the total assets provided by creditors.
The liability for a dividend is recorded on which of the following dates? a.last day of the fiscal year b.date of declaration c.date of payment d.date of record
Dividends are paid on the a. date of record. b. distribution date. c. declaration date. d. ex dividend date.
Under What heads of the balance sheet will you classify the followings:1) Proposed Dividends2) Interest Accrued and due on secured loans 3) Interest Accrued and due on unsecured Loans4) Provision for Taxation5) Arrears of fixed accumulative dividends6) Security premium Account7) Share Forfeiture account.
1. It represents the cumulative balance of periodic earnings, dividend distributions, prior period adjustments and other capital adjustments. a. Income summaryb. net incomec.dividends d. accumulated profits 2. The date on which liability for dividends must be recorded a. Date of recordb.Date of issuance c.Date of payment d. Declaration date 3. The amount attributable to every share of ordinary share capital outstanding during the period. a. Par value b. Stated value c. Carrying value d. Bookvalue 4. The date which determines who gets the dividend a. Date of payment b. Date of declaration c. Date of record d. Date of issuance 5. How is the treasury share account presented in the Statement of Financial Position? a. deducted from accumulated profitsb. deducted from shareholders’ equityc. part of reservesd. current asset
The equity method of accounting for investments requires a.the investment to be increased by the reported net income of the investee b.the investment to be reported at its original cost c.a year-end adjustment to revalue the stock to lower of cost or market d.the investment to be increased by the dividends paid by the investee
Which is a correct statement below? A. Equity is the residual interest in the liabilities of the entity after deducting all of its assets.B. Subscriptions receivable shall preferably be reflected as a deduction from the related subscribed share capital.C. Share premium is also known as capital stock.D. A deficit is a credit balance in retained earnings.
Write CL if the item is normally reported as a current liabilities, NCL if non-current. If not a liability, write NA. 1. Accounts payable 2. Bank Overdraft 3. Share dividends payable 4. Trade notes payable 5. Deferred tax liabilities 6. Deferred revenue 7. Cumulative Redeemable Preference Shares 8. Provision for warranties 9. Salaries Payable 10. Bonds Payable
Dividends in arrears on preference shares are reported in the financial statements as a (an) a. liabilityb. reduction from Retained Earningsc. reduction from Retained Earningsd. expense
Stockholders’ equity consists of which of the following?A. bonds payableB. retained earnings and accounts receivableC. retained earnings and paid-in capitalD. discounts and premiums on bond payable
ASSETS LIABILITIES AND CAPITALa. Current assets b. Investments c. Plant and equipment d. Intangiblese. Other assets f. Current liabilities g. Long-term liabilitiesh. Preferred stock i. Common stock j. Additional paid-in capitalk. Retained earningsl. Items excluded from balance sheetUsing the letters above, classify the following accounts according to the preferred and ordinary balance sheet presentation. _____ 1. Bond sinking fund_____ 2. Common stock distributable_____ 3. Appropriation for plant expansion_____ 4. Bank overdraft_____ 5. Bonds payable (due 2010)_____ 6. Premium on common stock_____ 7. Securities owned by another company which are collateral for that company's note_____ 8. Trading securities_____ 9. Inventory_____ 10. Unamortized discount on bonds payable_____ 11. Patents_____ 12. Unearned revenue

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Undeclared dividends (in arrears) to cumulative preferred stockholders must be filed to. in the notes to the financial statements. b. as an increase in current debts. С. as an increase in long-term debt.