13. A holder of a redeemable preference share can * a. purchase treasury shares any time at the shareholder's option. b. purchase additional shares offered in order to maintain the same fractional interest in the corporation. sonified date or during
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- Donated shares will have the effect of reducing? a. Outstanding shares b. Authorized shares c. Treasury shares d. Issued shares 11. Upon exercising share options, the resulting increase in the additional paid-in capital would be equal to a.The difference between the exercise price and the par value of the shares, plus the fair value of the share options b. The difference between the fair value of the shares and the par value of the shares c. The difference between the fair value of the shares and the par value of the shares, plus the fair value of the share options d. The difference between the exercise price and the par value of the shares 1. What is the accounting for treasury share transactions? a. On re-issuance of treasury shares, a gain or loss is recognized equal to the difference between the previous repurchase price and the re-issuance price. b. Treasury shares are…Brosnan Co. issues preferred shares where the shareholder has the right to force Brosnan to redeem the shares. Brosnan reports using IFRS. What type of complex financial instrument has Brosnan issued? Question 20 options: a) Convertible preferred shares. b) Retractable preferred shares. c) Mandatorily redeemable preferred shares. d) Perpetual debt.10. When shareholders may elect receive cash in lieu of share dividend, the amount to be charged to retained earnings is equal to the * a. Optional cash dividend b. Fair value of the shares c. Par value of the shares d. Book value of the shares
- Shareholders choose to invest in preferred shares because: a. preferred shares can always be converted into ordinary shares at the shareholder's option b. preferred shares include the right to participate in management decisions through voting privileges c. dividends are distributed to preferred shareholders before ordinary shareholders d. the preferred dividend distributions are generally increased each yearSignificant influence is normally presumed to exist if the investor owns at least a certain percentage of the investeecompany's ordinary shares. This percentage is_____.Select one:a.10%b.50%c.51%d.20%1. The issuer of an ordinary share dividend to ordinary shareholders should transfer from retained earnings to contributed capital an amount equal to the a. fair value of the shares issued. b. par or stated value of the shares issued. c. book value of the shares issued. d. minimum legal requirements. 2. Statement 1: Treasury shares are a company’s own shares that have been reacquired and retired. Statement 2: The cost method records all transactions in treasury shares at their cost and reports the treasury shares as a deduction from ordinary shares. a. Only statement 1 is correct b. Only statement 2 is correct c. Both statements are correct d. Both statements are incorrect. 3. The declaration and issuance of a share dividend a. increases ordinary shares outstanding and increases total equity. b. increases retained earnings and increases total equity. c. decreases retained earnings but does not change total equity. d. may increase share premium but does not change total…
- 1. Determine the amount to be reported under preference share capital.2. Compute for the 2021 treasury shares balance.3. Total share premium to be reported in the December 31, 2021 Statement of Financial Position is?4. Assuming that 80% of the warrants are exercised, compute for the ordinary share capital to be reported in the 2021 year end Statement of Financial Position?5. Setting aside the exercise of warrants and the shareholders rather converted the 50,000 convertible shares, how much will be the total share premium to be reported in the 2021 financial statements?6. Compute for the total ordinary share capital to be reported in the 2021 Statement of Financial Position if in addition to the transactions in 27, the following occurred: 1. 80% of the warrants were exercised; 2. 50,000 of the convertible preference shares were converted; 3. The remaining unissued treasury shares were retired.Please answer with reason for all why the option is correct and why the other options are incorrect Question 1 An entity has 20% investment in ordinary shares and 25% investment in preference shares over the investee. Which of the following is true? a. Only the cash dividend received related to 20% is treated as dividend income b. Only the cash dividend received related to 25% is treated as dividend income c. Cash dividend received for both investments should be treated as dividend income d. Cash dividend received for both investments should be treated as a deduction from investmentRequired: How much is the book value per ordinary share? In case RED Corporation is liquidated, how much would be the total amount to be received by an investor who holds 2,000 ordinary shares and 1,000 preference shares? How much is the book value per ordinary share assuming the preference shares are also participating? Assuming the preference shares are also participating, in case RED Corporation is liquidated, how much would be the total amount to be received by an investor who holds 2,400 ordinary shares and 500 preference shares? Using Problem 1, how much is the book value per ordinary share assuming the preference shares are non-cumulative and participating up to 12%? Assuming the preference shares are non-cumulative and participating up to 12%, in case RED Corporation is liquidated, how much would be the total amount to be received by an investor who holds 2,400 ordinary shares and 500 preference shares?
- The par value of ordinary shares is equal to? a. The amount received by the corporation when the share is originally issued. b. The amount of which the share is currently trading in the stock market. c. A designated peso amount per share established in the articles of incorporation d. A designated peso amount per share which should not be lower than ₱5. e. All of the choices11. What shall be the proper treatment of donated shares from stockholders? Group of answer choices a. They shall be credited to share premium at cost at the date of donation. b. They shall be credited to share premium at fair value at the date of donation. c. They shall be credited to share premium at par value at the date of donation. d. They are recorded by memorandum entry at the date of donation but the reissue or resale of donated shares increases assets and donated capital from share premium.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 Share
