Which of the following will reduce Retained Earnings? a. Declaration of a stock dividend b. Payment of a cash dividend c. Profit for the period d. None of these
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Which of the following will reduce Retained Earnings?
a. Declaration of a stock dividend
b. Payment of a cash dividend
c. Profit for the period
d. None of these
Step by step
Solved in 3 steps
- Which of the following does not decrease retained earnings? Select one: a. Stock dividends b. Cash dividends c. Net loss d. Net incomeWhy the dividend does exceeds the balance in retained earnings, the excess referred to as a liquidating dividend?The calculation of earnings and profits is used primarily to determine, which of the following: O a. if there is a return of basis O b. long term gain C. amount of the dividends O d. taxability of future distributions O e. taxability of dividends
- Other than from retained earnings, dividends may be declared out of: Choose one answer. a. Paid in capital in excess of par value b. Paid in capital in excess of issued price c. Neither a nor b d. Both a and bAdd an explanation, please. ThanksWhich of the following does not appear in a statement of retained earnings? a. Net loss b. Prior period error c. Preference share dividend d. Other comprehensive income1. Which of the following would never affect retained earnings? a. Correction of a prior period errorsb. Payment of long-term indebtednessc. Stock dividendd. Reissue of treasury shares 2. Appropriation for accumulated profits, if reflected in separate account, shall be shown as a. Component of equity as part of share premiumb. Component of total liabilities as current liabilityc. Component of total assets as noncurrent assetsd. Component of equity as part of reserves 3. An appropriation of accumulated profits for possible contingencies should be a. Charged with all losses related to that contingencyb. Transferred to income as losses are realizedc. Shown within shareholders’ equity in the statement of financial positiond. Classified in the liability section of the statement of financial position4. When preference share is cumulative, preferred dividends not declared in a period are a. called dividends in arrearsb. Distribution of earningsc. never paidd. considered a liability 5.…
- Why does the equity method record dividends from an investee as a reduction in the investment account, not as dividend income?1. Which of the following would appear first in a statement of retained earnings? Choices; Cash dividend Prior period error Net income Share dividend 2. Which of the following does not appear in a statement of retained earnings? Choices; Net loss Preference share dividend Other comprehensive income Prior period errorWhich of the following regarding retained earnings is false?a. Retained earnings is increased by net income.b. Retained earnings is a component of stockholders’equity on the balance sheet.c. Retained earnings is an asset on the balance sheet.d. Retained earnings represents earnings not distributed tostockholders in the form of dividends
- Is it true of false that stock sold for amounts in excess of par value results in a gain reported on the income statement?Why is there a cost for retained earnings? Group of answer choices Earnings can be reinvested or paid out as dividends Investors could buy other securities, earn a return Neither EitherChoose the letter of the correct answer 2. When the cost model/method is used to account for an investment, which of the following would not result in an adjustment to the amount recorded in the investment account? A. The investee declares a regular dividend B. The investor sells some of the stock C. The investee declares a liquidating dividend D. The stock’s market value decreases to a point where is it below the investor’s cost
