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- 4. It is that part of the subscribed share capital which has been paid to the corporation a. Paid-in share capital b. Issued share capital c. Subscribed share capital d. Authorized share capital e. Paid-up share capitalWhich of the following is entitled to dividends? a. Total shares issued b. Total shares issued, net of treasury shares c. Total outstanding liability d. Total authorized sharesSubject: Financial Accounting and Reporting Required: Determine the followinga. Issue price of preference sharesb. Ordinary shares issuedc. Ordinary shares outstandingd. Issue price of ordinary sharese. Legal capital of the corporationf. Contributed capital of the corporationg. Total shareholders’ equityh. Cost per treasury share
- 9. Preference shares has preference over ordinary shares relative to a) Dividends and voting rights b) Dividends and assets at liquidation c) Voting rights and assets at liquidation d) Dividends and maturity date 10. These are issued shares, which are in the hands of the shareholders a) Issued Share Capital b) Outstanding Share Capital c) Share Capital d) Authorized ShareQuestion 1What is the accounting treatment of the direct issue costs of shares of stocks?O Debit to the related share premiuin during organization stage and operating stageDebit to organizational cost during the organization stageDebit to revenue expenditure during the operating stageDebit to accumulated expenses during the operating stageDQuestion 2What is the total number of shares that a corporation may issue under its charter?O Authorized sharesIssued shareso Unissued sharesO Treasury sharesEQuestion 3In case shares are issued for outstanding liabilities, what is the measure of recording share capital and share premium?O Par value of the shares issuedAmount of liabilities set-offFair value of the shares issuedBook value of the shares issued1. Under Application Guidance 36 of IAS 32, an entity’s own equity instruments also known as treasury shares shall be presented as Group of answer choices a. Financial asset b. Financial liability c. Deduction in the shareholder’s equity at par value or stated value d. Deduction in the shareholder’s equity at cost
- Which of the following is ordered from the largest numberof shares to the smallest number of shares?a. Shares authorized, shares issued, shares outstanding.b. Shares issued, shares outstanding, shares authorized.c. Shares outstanding, shares issued, shares authorized.d. Shares in treasury, shares outstanding, shares issued.Which of the following formulas is correct regarding the different status of shares of stock: authorized shares, issued shares, outstanding shares, and treasury shares? a. Issued – Treasury = Outstanding b. Issued + Treasury = Authorized c. Authorized + Treasury = Issued d. Issued + Outstanding + Treasury = AuthorizedExplain the difference between authorized, issued, and outstanding shares.
- Who are entitled to dividends? a. Issued and subscribed shares b. Outstanding and subscribed shares c. Issued shares d. Issued and Outstanding shares21. What does IAS 32 provide as regards to the gain from sale of treasury shares? Group of answer choices a. It shall be recognized in profit or loss. b. It shall be credited to share premium. c. It shall be credited to share capital. d. It shall be credited to retained earnings.Indicate how each of the following accounts should be classified in the equity section.(a) Share Capital—Ordinary. (e) Share Premium—Treasury.(b) Retained Earnings. (f) Share Capital—Preference.(c) Share Premium—Ordinary. (g) Accumulated Other Comprehensive Income.(d) Treasury Shares.