Accounting

The measurement date of a compensatory stock option must precede the date of grant.

The measurement date of a compensatory stock option must precede the date of grant.

The measurement date of a compensatory stock option must precede the date of grant.
[True or False?]

meggsnbacon   34   2 Replies

meggsnbacon

The accounting classification of a financial instrument is determined by its tax status.

The accounting classification of a financial instrument is determined by its tax status.

The accounting classification of a financial instrument is determined by its tax status.
[True or False?]

minty_icy   20   2 Replies

minty_icy

Prepare Journal entries to record the closing of the income summary account.

Prepare Journal entries to record the closing of the income summary account.

Prepare Journal entries to record the closing of the income summary account.

hnm123   34   2 Replies

hnm123

Prepare Journal entries to record dividends declared.

Prepare Journal entries to record dividends declared.

Prepare Journal entries to record dividends declared.

askhat9   23   2 Replies

askhat9

Prepare Journal entries to record the acquisition and retirement of common shares.

Prepare Journal entries to record the acquisition and retirement of common shares.

Prepare Journal entries to record the acquisition and retirement of common shares.

ebert   26   2 Replies

ebert

Prepare Journal entries to record the receipt of cash for subscribed shares and issuance of shares.

Prepare Journal entries to record the receipt of cash for subscribed shares and issuance of shares.

Prepare Journal entries to record the receipt of cash for subscribed shares and issuance of shares.

choih94   36   2 Replies

choih94

Prepare Journal entries to record the receipt of donated assets.

Prepare Journal entries to record the receipt of donated assets.

Prepare Journal entries to record the receipt of donated assets.

mr3steps   19   2 Replies

mr3steps

Prepare Journal entries to record the issuance of preferred shares in exchange for assets; recorded

Prepare Journal entries to record the issuance of preferred shares in exchange for assets; recorded

Prepare Journal entries to record the issuance of preferred shares in exchange for assets; recorded
at fair market value of the assets in the absence of a value for the preferred shares.

crazzibear2   27   3 Replies

Angelangels

Prepare Journal entries to record the subscription of common shares

Prepare Journal entries to record the subscription of common shares

Prepare Journal entries to record the subscription of common shares

water bottle   21   2 Replies

water bottle

Explain why companies may want to reacquire their own shares?

Explain why companies may want to reacquire their own shares?

Explain why companies may want to reacquire their own shares?

Abbyfilapose   23   3 Replies

KaptainZ

Explain what is meant by share issue costs and how they are treated for accounting purposes.

Explain what is meant by share issue costs and how they are treated for accounting purposes.

Explain what is meant by share issue costs and how they are treated for accounting purposes.

Shiki   27   2 Replies

werstlingbum

Brimley Corp. issued 5,000 common shares, no par, and 800 preferred shares. At the time of issue

Brimley Corp. issued 5,000 common shares, no par, and 800 preferred shares. At the time of issue

Brimley Corp. issued 5,000 common shares, no par, and 800 preferred shares. At the time of issue
the common shares were selling at $30 per share and the preferred at $25. Total cash received
was $162,000. Prepare the journal entry to record the iss

Maserati   109   2 Replies

Maserati

Explain the options available to a corporation that issues share subscriptions where partial

Explain the options available to a corporation that issues share subscriptions where partial

Explain the options available to a corporation that issues share subscriptions where partial
payment has been received but the subscriber defaults on the balance.

Vrocha21   19   2 Replies

Vrocha21

During December 1999, BRC declared and issued a 1 for 5 stock dividend on its 100,000

During December 1999, BRC declared and issued a 1 for 5 stock dividend on its 100,000

During December 1999, BRC declared and issued a 1 for 5 stock dividend on its 100,000
outstanding common shares. The per share amounts were: original average issue price $16;
current market price (end 1999) $13; and the average market price for 199

jazhill8   46   2 Replies

jazhill8

YTC issued 200 of its preferred shares and 1,000 of its common shares, for a total cash

YTC issued 200 of its preferred shares and 1,000 of its common shares, for a total cash

YTC issued 200 of its preferred shares and 1,000 of its common shares, for a total cash
consideration of $15,000. The current market prices for its shares were: Preferred, $25; Common,
$20. The issue entry for the preferred and common shares combin

kab170   46   2 Replies

kab170

MNO declared a stock dividend when it had 40,000 shares outstanding. After issuing the

MNO declared a stock dividend when it had 40,000 shares outstanding. After issuing the

MNO declared a stock dividend when it had 40,000 shares outstanding. After issuing the
dividend, 7,200 additional shares and 4,000 fractional share rights were outstanding. If it required
five fractional share rights to acquire a new share, this di

priyan   38   2 Replies

priyan

ABC made the following entry to record the issuance of a dividend:

ABC made the following entry to record the issuance of a dividend:

ABC made the following entry to record the issuance of a dividend:
Retained earnings 40,000
Common shares 40,000
ABC must have declared a:
A) stock split.
B) Property dividend.
C) Large stock dividend.
D) Small stock dividend.

dukesroyalty   21   2 Replies

dukesroyalty

CRC reported the following on its 1995 balance sheet:

CRC reported the following on its 1995 balance sheet:

CRC reported the following on its 1995 balance sheet:
$6 Preferred shares, no par $62,000
Common shares, no par 320,000
Retained earnings 240,000
Given common shares outstanding, what is the average issue price per common share?
Shares Outstandi

jmendoza   52   3 Replies

Guerrerod17

Lorella entered into a common share subscription contract for 1,000 shares at a subscription price

Lorella entered into a common share subscription contract for 1,000 shares at a subscription price

Lorella entered into a common share subscription contract for 1,000 shares at a subscription price
of $20. She paid 20% of the total price as a down payment and also paid the next two 20%
instalments (she paid 60% in all). Lorella then defaulted on

Eighty8   44   3 Replies

Olivia foy

DX had the following shares outstanding:

DX had the following shares outstanding:

DX had the following shares outstanding:
Preferred shares, $3, 2,000 shares $100,000
Common shares, 2,000 shares $200,000
(Matching dividend, if applicable, $6)
The preferred shares are cumulative, fully participating; dividends are three years i

Pubsub   23   2 Replies

Pubsub

BX had the following shares outstanding:

BX had the following shares outstanding:

BX had the following shares outstanding:
Preferred shares, $6, 2,000 shares $100,000
Common shares, 2,000 shares $200,000
(Matching dividend, if applicable, $12)
The preferred shares are cumulative, fully participating; dividends are three years

hnm123   15   2 Replies

hnm123

Accounting recognition must be given to common share subscriptions on the subscription date:

Accounting recognition must be given to common share subscriptions on the subscription date:

Accounting recognition must be given to common share subscriptions on the subscription date:
A) to guarantee the receipt of dividends subsequent to the subscription date.
B) because the dollar amount is usually large.
C) because all events relatin

mr3steps   31   2 Replies

mr3steps

On January 1, 2000, WVC split its common shares 4 for 1 when the market value was $80 per

On January 1, 2000, WVC split its common shares 4 for 1 when the market value was $80 per

On January 1, 2000, WVC split its common shares 4 for 1 when the market value was $80 per
share. Prior to the split, WVC had 50,000 common shares issued and outstanding (average issue
price $12 per share). After the split, the average issue price o

fabuleux_liz   43   3 Replies

9ty9

RST had the following shareholders and the shares owned by each on November 15:

RST had the following shareholders and the shares owned by each on November 15:

RST had the following shareholders and the shares owned by each on November 15:
Shareholder Shares Owned
a 1,999
b 1,555
c 1,699
d 2,132
e 1,900
Total 9,285
On that date, RST declared a 1 for 2 common stock dividend. The stock was selling for

Galindoux21   23   2 Replies

Galindoux21

ABC declared a common stock dividend on March 10, at which time its shares were selling for

ABC declared a common stock dividend on March 10, at which time its shares were selling for

ABC declared a common stock dividend on March 10, at which time its shares were selling for
$15 per share and 10,500 shares were outstanding. After the dividend, because only 13,650 were
outstanding, some shareholders received fractional share righ

xonotes   24   2 Replies

xonotes

You happen across the balance sheet of a firm, which discloses $40,000 of ending retained

You happen across the balance sheet of a firm, which discloses $40,000 of ending retained

You happen across the balance sheet of a firm, which discloses $40,000 of ending retained
earnings, $10,000 of which is appropriated for plant expansion. This firm is not a natural
resources firm. Therefore:
A) the firm has $30,000 of cash
B) the

Abbyfilapose   43   3 Replies

redesace90

A firm declares a property dividend to its shareholders. The assets to be distributed in the

A firm declares a property dividend to its shareholders. The assets to be distributed in the

A firm declares a property dividend to its shareholders. The assets to be distributed in the
dividend have a combined book value of $40,000 and combined market value of $60,000. Before
taxes, the net change in retained earnings as a result of this

godsgrace2013   40   3 Replies

Tabitha.davis

XYZ reported the following on its December 31, 1999, balance sheet: common shares, nopar,

XYZ reported the following on its December 31, 1999, balance sheet: common shares, nopar,

XYZ reported the following on its December 31, 1999, balance sheet: common shares, nopar,
$200,000; unappropriated retained earnings, $40,000; appropriation of retained earnings for bond
sinking fund, $10,000; and reserve for possible future invent

Marcie D   54   1 Reply

54321abs

If a corporation has dividends in arrears of $25,000 on its cumulative preferred shares, it must:

If a corporation has dividends in arrears of $25,000 on its cumulative preferred shares, it must:

If a corporation has dividends in arrears of $25,000 on its cumulative preferred shares, it must:
A) Set aside cash for the amount of the dividends.
B) Pay the dividends in arrears before it can pay dividends to its common shareholders.
C) Capital

_valmarie   40   2 Replies

_valmarie

If a corporation has dividends in arrears on preferred shares, they should also:

If a corporation has dividends in arrears on preferred shares, they should also:

If a corporation has dividends in arrears on preferred shares, they should also:
A) Capitalize retained earnings for the dividends.
B) Declare the dividends.
C) Record a liability for the dividends.
D) Report the dividends in arrears.

byakushisakura   37   2 Replies

byakushisakura

A dividend that constitutes a return of contributed capital rather than earnings is called a:

A dividend that constitutes a return of contributed capital rather than earnings is called a:

A dividend that constitutes a return of contributed capital rather than earnings is called a:
A) Property dividend.
B) Liability dividend.
C) Liquidating dividend.
D) Capital dividend.

marktrick   35   3 Replies

Bubbles1999

When a corporation issues a dividend in excess of the balance of its retained earnings account, it

When a corporation issues a dividend in excess of the balance of its retained earnings account, it

When a corporation issues a dividend in excess of the balance of its retained earnings account, it
is issuing a:
A) Scrip dividend.
B) Stock dividend.
C) Property dividend.
D) Liquidating dividend.

husne   72   3 Replies

Tabitha.davis

Fractional share rights are usually issued:

Fractional share rights are usually issued:

Fractional share rights are usually issued:
A) When a corporation issues a stock split.
B) At the time a property dividend is declared.
C) At the time a cash dividend is declared.
D) At the time a stock dividend is declared.

RobotLava   41   2 Replies

RobotLava

Stock splits are often issued primarily to:

Stock splits are often issued primarily to:

Stock splits are often issued primarily to:
A) Reduce the market price per share.
B) Increase permanent capital.
C) Decrease the liability for dividends in arrears.
D) Give the shareholders more voting rights.

Arieescott2014   23   1 Reply

fifadaniel

Cash dividends usually are declared on one date and paid on a subsequent date to shareholders of

Cash dividends usually are declared on one date and paid on a subsequent date to shareholders of

Cash dividends usually are declared on one date and paid on a subsequent date to shareholders of
record on some intermediate date. On which of the following dates should an accrual basis
shareholder recognize investment revenue?
A) Record date
B)

ryansul   61   2 Replies

ryansul

The declaration of a property dividend results in:

The declaration of a property dividend results in:

The declaration of a property dividend results in:
A) a debit to retained earnings.
B) a credit to retained earnings.
C) either a debit or a credit to retained earnings.
D) no effect on retained earnings.

sweethink   21   2 Replies

sweethink

X Corporation owns 15% of the outstanding shares of Z Corporation. The Z stock is distributed to

X Corporation owns 15% of the outstanding shares of Z Corporation. The Z stock is distributed to

X Corporation owns 15% of the outstanding shares of Z Corporation. The Z stock is distributed to
the shareholders of X Corporation as a dividend at its current market value. This is an example of
a:
A) scrip dividend.
B) cash dividend.
C) stock

mr3steps   46   2 Replies

mr3steps

An appropriation of retained earnings of a significant amount:

An appropriation of retained earnings of a significant amount:

An appropriation of retained earnings of a significant amount:
A) Means that specific assets actually have been set aside for a specific purpose.
B) provides protection to the stockholders rather than to the creditors.
C) Can have a significant im

water bottle   21   3 Replies

squereq

A restriction of retained earnings is most likely to be required by the:

A restriction of retained earnings is most likely to be required by the:

A restriction of retained earnings is most likely to be required by the:
A) payment of last maturing series of a serial bond issue.
B) amortization of intangible assets.
C) purchase of treasury stock.
D) exhaustion of potential benefits of the in

Help   24   2 Replies

Help

During 1999, BV sold and issued the following shares for $20,000 cash:

During 1999, BV sold and issued the following shares for $20,000 cash:

During 1999, BV sold and issued the following shares for $20,000 cash:
Common shares, 600 shares (current market price per share, $23.50).
Preferred shares, 200 shares (no current market price available); original issue price, three years
earlier,

macbookpro1   33   3 Replies

TheFulcan