Which of the following situations is viewed as the parent having treasury stock? a. A owns 80% of B and 20% of C; B owns 70% of C. b. A owns 80% of B, and B owns 20% of A. c. A owns 80% of B, and B owns 70% of C. d. None of the above.
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15. Which of the following situations is viewed as the parent having
a. A owns 80% of B and 20% of C; B owns 70% of C.
b. A owns 80% of B, and B owns 20% of A.
c. A owns 80% of B, and B owns 70% of C.
d. None of the above.
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- 14. What are dividends in arrears? How do they affect the allocation of dividends to preference and ordinary shareholder if: a. Preference share capital are noncumulative b. Preference share capital are cumulative 15. What is the significance of book value per share? How is it computed if a. Only one class of share capital is outstanding? b. Two classes of share capital are outstanding? 16. What is earnings per share? What is its significance to the shareholders? How is it computed if a. Only one class of share capital is outstanding? b. Two classes of share capital are outstanding?Which one of the following is a primary market transaction? Multiple Choice Sale of currently outstanding stock by a dealer to an individual investor Sale of a new share of stock from a corporation to an individual investor Transfer of stock ownership from one shareholder to another shareholder Gift of stock from one shareholder to a previous non-shareholder Repurchase of stock by a corporation from a shareholderH5. Common shareholders have pre-emptive rights which allow them to ____________________. Group of answer choices a) vote on important matters that affect their interest b) sell their shares to the firm at a pre-determined price c) maintain their proportionate share of ownership in the company d) exercise claims on the firm’s assets prior to preferred shareholders
- 4. An ordinary share a. Is an equity instrument that is subordinate to all other classes of equity instrument b. Is a financial instrument or other contract that may entitle its holder to ordinary shares c. Is a financial instrument that gives the holder the right to purchase ordinary shares d. Is any contract that gives rise to both financial asset of one entity and a financial liability or equity instrument of another entity 5. In computing basic earnings per share, the full amount of the required preference dividends on cumulative preference shares for the period shall be a. Ignored b. Deducted from net income only when declared c. Deducted from net income whether declared or not d. Added to net income whether declared or not 6. It is a financial instrument or other contract that may entitle its holder to ordinary shares a. Ordinary share b. Preference share c. Equity instrument d. Potential ordinary shareRequired: (a) Reproduce and complete the following controlling and non-controlling interest table. Show your calculations. (b) What percentage of the voting in Son 7 Ltd will be controlled by the Daddy Ltd? (c) What percentage of the dividend declared by Son 7 Ltd will be received by the Daddy Ltd?Significant influence is normally presumed to exist if the investor owns at least a certain percentage of the investeecompany's ordinary shares. This percentage is_____.Select one:a.10%b.50%c.51%d.20%
- 30. The par value of ordinary share capital represents a. the liquidation value of the share capital. b. the book value of the share capital. c. the legal nominal value assigned to the share capital. d. the amount received by the corporation when the share was originally issued.What is the gain or loss on sale of Dynamite Inc shares? a. 20,000 gain b. 20,000 loss c. 7,500 gain d. 7,500 loss e. None of the choices f. Others, specify:1. How many shares were issued by the Parent? 2. How much is the share issue costs paid by Parent? 3. How much is the indirect costs paid by the Parent?
- S1 Shares as donated capital when subsequently sold will increase the shareholder's equity by the total par value of the donated capital. S2 When shares are acquired as treasury shares, these will reduce the number of issued shares, a. Both statements are true b. Both statements are false c. One statement is true, and the other one is false10. Which of the following statements is correct concerning legal capital? Group of answer choices a. In the case of par value share, the legal capital is the aggregate par value of the shares issued and subscribed. b. In the case of no-par value share, the legal capital is the total consideration received from shareholders including the excess over the stated value. c. Both a and b d. Neither a nor bFor the purposes of equity accounting, it is presumed that tne investor has significant influence over the other entity where the investor holds: Select one: 0. 75% or more of the voting power of the investee. b. 205 or more of the voting power of the investee. C. between 5% and 105 of the voting power of the investee. d. 1005 of the voting power of tne investee.
