The excess of retirement cost over theoriginal issuance price isDebited to Share Premium - TreasurySharesDebited to Retained EarningsDebited to Share CapitalBoth a and b respectivelyWhich of the following is an appropriatepresentation of treasury stock?"As a marketable securityAs a deduction at cost from totalstockholders' equityAs a deduction at cost from totalcontingent liabilitiesAs a deduction at par from totalstockholders' equity

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Diluted earnings per share shows dilution resulting from additional shares that may be issued for stock options or bonds that may be converted to shares of common stock in the future. True False
Calculate the total cost (in $), proceeds (in $), total gain (or loss) (in $), and return on investment for the mutual fund investment. The offer price is the purchase price of the shares, and the net asset value is the price at which the shares were later sold. (Round your return on investment to one decimal place.) Shares OfferPrice TotalCost Net AssetValue Proceeds Per ShareDividends Total Gain(or Loss) Return onInvestment% 500 $10.60 $ $12.80 $ $0.65 $ %
7. If treasury shares are subsequently retired and the cost of the treasury shares exceeds the par value, the difference is charged Group of answer choices a. first, Share premium from the original issuance and then Retained Earnings. b. first to share premium from original issuance and then share premium from treasury shares of the same class. c. first to share premium from original issuance, and then share premium from treasury shares of the same class and then to retained earnings. d. first to share premium from treasury shares of the same class and then the balance to retained earnings.
ESPAÑOL INGLÉS FRANCÉS 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. Enviar co Guardado Contribuir
When treasury stock is purchased for cash at more than its par value, what is the effect on total shareholders’ equity under each of the following methods?
Which statement best describes a possible result of treasury shares transactions? * May increase but not decrease retained earnings May increase net income if the cost method is used May decrease but not increase retained earnings The excess of original issuance price over the retirement cost is * Debited to retained earnings Credited to Share Premium - Retirement Debited to Share Premium - Treasury Shares and then Retained earnings None of the above
What is reflected in the additional paid-in capital account?Required to answer. Single choice. a. Whichever is higher of (1) the difference between the market price and the par value when the stock was issued and (2) the difference between the market price and the par value when the stock was reacquired b. Whichever is lower of (1) the difference between the market price and the par value when the stock was issued and (2) the difference between the market price and the par value when the stock was reacquired c. The difference between the market price and the par value when the stock was reacquired d. None of the above e. The difference between the market price and the par value when the stock was issued.
4. Define the following terms. Signaling hypothesis; clientele effect Residual distribution model; extra dividend Declaration date; holder-of-record date; ex-dividend date; payment date Dividend reinvestment plan (DRIP) Stock split; stock dividend; stock repurchase
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b. Cash Common Stock Paid-in Capital in Excess of Par - Common Stock Preferred Stock Paid-in Capital in Excess of Par - Preferred Stock
Gain on sale of treasury shares should be credited to: * A. Share Premium from treasury shares B. Accumulated profits C. Share capital D. None of the above

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The excess of retirement cost over the original issuance price is * Debited to Share Premium - Treasury Shares Debited to Retained Earnings Debited to Share Capital Both a and b respectively