FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
When treasury shares are reissued as dividends, what amount shall be
charged to
A. Cost of the treasury shares
B. Par value of the treasury shares
C. Fair value of the treasury shares on the date of declaration
D. Fair value of the treasury shares on the date of issuance
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- Which of the following items would not appear in the section of the statement of financial position (balance sheet) headed 'Capital and reserves'? a) Share premium b) Revaluation reserve c) Preference shares d) Debenturesarrow_forward1. When an entity issued bonds payable with detachable share warrants, how will share premium be computed if the share warrants are exercised by the bondholders? (Choose an answer and explain why) a. It is the balance of the share warrants outstanding. b. It is the sum of the share warrants outstanding and total par or stated value of the shares issued. c. It is the difference between the proceeds received based on the exercise price and the total par or stated value of the shares issued. d. It is the difference between the proceeds received based on the exercise price plus the share warrants outstanding and the total par or stated value of the shares issued.arrow_forwardDo preferred stockholders receive the share of the company earnings before or after bond interest is paid?arrow_forward
- The share capital of a company may consist of: Select one: a. Loans from banks. b. Ordinary or preference shares issued by the company either fully paid or partly paid. c. Debentures issued by the company. d. Secured and unsecured notes issued by the company.arrow_forwardWhat is advantges and dis advantge of shares repurchacse to the company?arrow_forwardAccumulated Other Comprehensive Income in the shareholders' equity section of the balance sheet reflects changes in the fair value of securities for which type of securities?arrow_forward
- 3. Which of the following categories of investments are reported at their fair values on the balance sheet and have unrealized holding gains and losses included as a separate component of stockholders' equity? a. held-to-maturity debt securitiesb. marketable securitiesc. available-for-sale securitiesd. trading securitiesarrow_forwardWhen the selling price of treasury shares is greater than its cost, the company credits the difference to a.Gain on Sale of Treasury Shares. b.Share Premium–Treasury. c.Treasury Shares. d.Share Premium–Ordinary.arrow_forwardRecord the issuance of shares when sold for cash and for noncash considerationarrow_forward
- Which of the following would NOT be reported for capital stock in the contributed capital section of a classified balance sheet? Group of answer choices A.Dividends per share B.Shares issued C,Shares outstanding D.Shares authorizedarrow_forwardChanges in the fair value of held to maturity securities are: A. not recognized. B. recognized on the income statement and as part of stockholders' equity. C. reported as part of stockholders' equity. D. recognized on the income statement.arrow_forwardAll of the following would appear in the contributed capital section of shareholders' equity on the balance sheet except a. bonds payable b. additional paid-in capital from stock conversions c. preferred stock d. share rights and optionsarrow_forward
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