FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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1. Gains on sale of treasury shares (cost method) should be credited to
•Share premium – treasury
•Ordinary share
•Gain on sale of treasury
•Retained earnings
2. When share without par value and stated value are sold, the proceed should be credited to
a. Profit or Loss
b. Retained Earnings
c. Share Capital
d. Share premium
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- A company’s publicly listed shares: a. Can be traded on any share market around the world b. Represent an ownership claim on the company’s real assets (net of liabilities) c. Are guaranteed to provide a dividend cash-flow d. All of the above e. None of the abovearrow_forwardWhen using the equity method of accounting, when is revenue recorded on the books of the investor company?a. When the fair value of the affiliate stock increases.b. When a dividend is received from the affiliate.c. When the affiliate company reports net income.d. Both b and c above.arrow_forwardThe distribution of a dividend that represents a partial return of the original investment made by the shareholders is known as a. participating dividend. b. liquidating dividend. c. property dividend.arrow_forward
- ESPAÑOL INGLÉS FRANCÉS The distribution of a dividend that represents a partial return of the original investment made by the shareholders is known as a. participatory dividend (participatory dividend). b. dividend in liquidation. С. property dividend (property dividend). Enviar com Parrow_forwardHow are dividends per share for common stock used in the calculation of the following? O A. O B. O c. OD. Dividends per share payout ratio Numerator Numerator Denominator Denominator Earnings per share Numerator Not used Not used Denominatorarrow_forwardDividends in arrears on preference shares are reported in the financial statements as a (an) a. liabilityb. reduction from Retained Earningsc. reduction from Retained Earningsd. expensearrow_forward
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