47. Financial Accounting: What treatment applies to stock dividend declarations between balance sheet and issue dates? (1) Split between both dates (2) Adjust for market value changes (3) Use issue date fair value (4) Record at declaration date value

Access the FASB Accounting Standards Codification at the FASB website ( asc.fasb.org ). Determine the specific citation for accounting for each of the following items: 1. Initial measurement of stock options. 2. The measurement date for share-based payments classified as liabilities. 3. The formula to calculate diluted earnings per share. 4. The way stock dividends or stock splits in the current year affect the presentation of EPS in the income statement.

On which one of the following dates are dividend checks mailed? A. Declaration date B.Ex-dividend date C. Date of record D. Payment date

Which of the following decreases total equity? A. A stock split B. Recording Revenue C. The purchase of Treasury Stock D. Issuance of Convertible preferred stock

10. Where must earnings per share be disclosed in the financial statements to satisfy generally accepted accounting principles? a. On the face of the statement of retained earnings (or, statement of stockholders' equity.) b. In the footnotes to the financial statements. c. On the face of the income statement. d. On the face of the balance sheet.

In a balance sheet, the total of common stock and retained earnings are denoted as Select one: a. Common Equity b. Due Equity c. Common Perpetuity d. Preferred equity

1. How is the exchange of common stock for long-term term debt shown on the SCF? 2. How does the sum of the cashflow from the three major classifications on the scf relate to the change in balance sheet accounts from two successive balance sheets?

Total assets on a balance sheet prepared on any date mustagree with which of the following?a. The sum of total liabilities and net income as shown onthe income statement.b. The sum of total liabilities and common stock.c. The sum of total liabilities and retained earnings.d. The sum of total liabilities and common stock andretained earnings.

What is the impact on the accounting equation when stock is issued, in exchange for assets? A. both sides increase B. both sides decrease C. only the Asset side changes D. neither side changes

The account Valuation Allowance for Investments in Common Stock is included on the: A. statement of retained earnings. B. balance sheet as an adjustment to stockholders' equity. C. balance sheet as an adjustment to the investment asset account. D. income statement as other revenue (expense).