[S1] Operating performance of an entity is reflected by the level of income earned by the entity thru efficient and effective utilization of resources. [S2] Comprehensive income would include gain on sale of investment in ordinary shares. * both are true both are false Only S1 is true Only S2 is true

[S1] Operating performance of an entity is reflected by the level of income earned by the entity thru efficient and effective utilization of resources. [S2] Comprehensive income would include gain on sale of investment in ordinary shares. * both are true both are false Only S1 is true Only S2 is true

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter13: Comparative Forms Of Doing Business

Section: Chapter Questions

Problem 26DQ

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[S1] Operating performance of an entity is reflected by the level of income earned by the entity thru efficient and effective utilization of resources. [S2] Comprehensive income would include gain on sale of investment in ordinary shares. *a.both are trueb.both are falsec.Only S1 is trued.Only S2 is true
[S1] Operating performance of an entity is reflected by the level of incomeearned by the entity thru efficient and effective utilization of resources.[S2] Comprehensive income would include gain on sale of investment inordinary shares A. both are trueB. both are falseC. Only S1 is trueD. Only S2 is true
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Dividends are recognized in profit or loss only when: The amount of the dividend can be measured reliably. All of these. The entity's right to receive payment of the dividend is established. It is probable that the economic benefits associated with the dividend will flow to the entity.
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1. Identify the most acceptable value of share capital in exchange of non-cash asset. options •Fair market value of share issued •Fair market value of non-cash asset received •Par value of share capital issued. •Carrying value of the non-cash asset received. 2. Which of the following is included in the equity section of a corporate business? •Investment in equity shares •Treasury shares •Subscription Receivable – current •Unearned revenue
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