Explain the following terms • Authorized Share Capital • Issued Share Capital Bonus Shares
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- Compare authorized share capital with subscribed share capital.Explain the accounting for share capital issued for non-cash consideration.1. What is the market value for each ordinary share capital upon the declaration of the share capital dividend?2. What is the total amount of contributed capital?
- A share capital previously issued and subsequently acquired back * Choices; Ordinary share capital. Treasury share capital Participating preference share capital Promotion share capital.The difference between authorized share capital and issued share capital is known as __________. Select one: a. current share capital b. preference share capital c. ordinary share capital d. unissued share capitalWhen a small, share capital dividend is declared, Retained Earnings is debited for the a. par value of the share capitalb. fair market value of the share capital on the date of recordc. fair market value of the share capital on the date of declarationd. fair market value of the share capital on the date of distribution
- 1. What is the market value for each ordinary share capital upon the declaration of the share capital dividend?It is that part of the subscribed share capital which has been paid to the corporation a. Subscribed share capital b. Issued share capital c. Authorized share capital d. Paid-up share capital e. Paid-in share capital4. 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 capital
- rdinary share capitalOrdinary share capitalWhich of the following items would not form part of the shareholders' equity of a company on the statement of financial position? Select one: a. Retained profits b. Trade payables c. Share premium d. Ordinary share capitalQuestion 1 With the use of examples, distinguish between: Authorised and issued share capital Participating preference shares and cumulative preference shares Preference dividend and ordinary dividend2. The following are the common sources of share premium, except Group of answer choices a. Excess over par or stated value b. Donated capital c. Revaluation surplus d. Issuance of share warrants