FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Please help me with numbers 5-9 thank you ?❤️?
Which feature of preference share makes it more of a liability
than an equity account?
MC5
a.
Callable
b.
Convertible
Participating
Redeemable
C.
d.
Which of the following transaction costs relating to issue of
share capital shall be charged to profit or loss?
MC6
SEC registration fees for issue of new shares
underwriting costs
stock exchange listing fees
documentary stamp tax in public offerings of share
a.
b.
с.
d.
vas
MC7
A holder of a redeemable preference share can
purchase treasury shares any time at the shareholder's
option.
purchase additional shares offered in order to maintain
the same fractional interest in the corporation.
turn in the preference shares for a specified cash price at
a specified date or during a specified period
convert the preference shares for ordinary shares.
a
a.
b.
c.
d.
MC8
How would a share split affect each of the following?
Additional
Paid-in Capital
No effect
No effect
Total Shareholders'
Assets
Equity
a.
Increase
Increase
b.
No effect
No effect
с.
No effect
No effect
Increase
d.
Decrease
Decrease
Decrease
Treasury share is appropriately presented on the statement of
financial position as a
MC9
financial asset at fair value.
deduction at cost from total shareholders' equity.
deduction at cost from total contingent liabilities.
deduction at par from total shareholders' equity.
a.
b.
c.
d.
expand button
Transcribed Image Text:Which feature of preference share makes it more of a liability than an equity account? MC5 a. Callable b. Convertible Participating Redeemable C. d. Which of the following transaction costs relating to issue of share capital shall be charged to profit or loss? MC6 SEC registration fees for issue of new shares underwriting costs stock exchange listing fees documentary stamp tax in public offerings of share a. b. с. d. vas MC7 A holder of a redeemable preference share can purchase treasury shares any time at the shareholder's option. purchase additional shares offered in order to maintain the same fractional interest in the corporation. turn in the preference shares for a specified cash price at a specified date or during a specified period convert the preference shares for ordinary shares. a a. b. c. d. MC8 How would a share split affect each of the following? Additional Paid-in Capital No effect No effect Total Shareholders' Assets Equity a. Increase Increase b. No effect No effect с. No effect No effect Increase d. Decrease Decrease Decrease Treasury share is appropriately presented on the statement of financial position as a MC9 financial asset at fair value. deduction at cost from total shareholders' equity. deduction at cost from total contingent liabilities. deduction at par from total shareholders' equity. a. b. c. d.
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