In case of failure to submit the stock certificates on time, can the corporation choose not to terminate the right of appraisal?

Q: When a certificate of stock is issued for shares whose subscription is not fully paid, then – a)…

A: The capital of a corporation is contributed by many number of persons and same is accounted in books…

Q: Appropriation of retained earnings is necessary when the corporation reacquires its own share…

A: Acquisition of own share capital means purchase of corporate's own shares from the investors either…

Q: The installment method cannot be used to report the gain from the sale of publicly traded stock.…

A: The installment method is generally  used

Q: The corporation's own stock that has been issued and then bought back by the company is referred to…

A: Definition:   Definition:   Common stock: These are the ordinary shares that a corporation issues…

Q: If a company’s constitution does not contain rules governing the forfeiture of shares, then the…

A: The correct option with explanation are as follows. Forfeiture of share means cancellation of share…

Q: Why can a stockholder have the right to inspect corporate books and records? Is this right absolute…

A: Stockholders:-Stockholders also known as the shareholders of the company. Stockholders includes a…

Q: When independent stock transfer agents are not employed and the corporation issues its own stock and…

A: Answer:   Option A

Q: elated to a change in market conditions B. It can be changed to reflect the rise or fall in the…

A: International Accounting Standards Board defines the cash value to be an amount that an account will…

Q: Corporations disclose restrictions of retained earnings on the balance sheet as a deduction from…

A: Restricted retained earnings refers to that amount of a company's retained earnings that are not…

Q: What is a registration statement?a. A statement that must be filed with the SEC before a company can…

A: Registration statement: According to securities act 1933 registration of a security is mandatory…

Q: a controller argues that when a company issues stock for less than current value, the value of…

A: Dilution refers to reduction in the current shareholding of the existing stockholders due to mainly…

Q: What is the basis of a stockholder's right of inspection of the corporation's books and records

A: Stockholders or Shareholders are the people holding equity shares of a company. Shareholders are the…

Q: The Sarbanes-Oxley Act applies only to companies whose stock is traded on public exchanges. OTrue…

A: Sarbanes-Oxley Act of 2002: Due to the corporate accounting scandals the U.S. congress enacted The…

Q: How does the audit of owners’ equity for a closely held corporationdiffer from that for a publicly…

A: Audit of owners equity for a closely held corporation is different from that of publicly held…

Q: Corporations recognize no gain orloss when it issues stock shares for property even if the…

A: Section 351 states non recognition or not recording of the gain or loss on the property transfers…

Q: Distinguish between oversubscription and undersubscription of shares issued by a company.

A: Issuance of stock:It refers to the number of shares that are sold to the stockholders from number…

Q: Since a stock split changes information of a business, this transaction needs to be recorded.

A: Answer: False

Q: In general, the accounting for stock option plans and other share-based payment plans must reflect…

A: Stock Option Plan Basically stock option plan which was taken the initiatives by the management to…

Q: What is the course of action (s) can be used to prevent fraudulent financial reporting in stock…

A: Fraudulent financial reporting  Reckless conduct, acts, or omissions, or Intentional…

Q: If the articles of incorporation do not include a pre-emptive right, the firm has a choice of…

A: Pre-emptive rights: the firm can issue the shares first to the existing shareholders and the…

Q: Which of the following may not be an effect of VAT on the accounting records of a company?   i. The…

A: VAT refers to indirect tax imposed on the sale and purchase of goods and services.

Q: if an item of accounting information is released by a corporation and there is no apparent change in…

A: If we take it as a view point from the capital market, and if we assume that the equity markets are…

Q: Which of the following events, occurring after the date of the statement of financial position,…

A: Subsequent Event - Event that occurs after the balance sheet date and do not relate to the…

Q: In the absence of restrictive provisions, what are the basicrights of stockholders of a corporation?

A:

Q: f stock is issued for an asset other than cash the asset should be recorded on the books of the…

A: SOLUTION- CURRENT MARKET VALUE OF ASSET  GIVES PARTIES INTERESTED IN MAKING A TRANSACTION THE…

Q: Can a stockholder exercise his/her appraisal right

A: An appraisal right is the constitutional right of a company's stockholder to have a…

Q: Which of the following transactions DOES NOT require any postings to the ledger? O Authorization of…

A: The question is multiple choice question  Required  Choose the Correct Option

Q: Because of the acquisition of additional investee shares, an investor will now change from the…

A: Equity method: Equity method is the method used for accounting equity investments which claim a…

Q: What would happen or what will the possible scenarios be for the employees and shareholders of a…

A: The Securities Act,1933 was introduced in the year 1933 with the objective of providing protection…

Q: Which of the following is not a right of owners of common shares? Residual assets in liquidation…

A: A company has several sources from where it can raise funds. It can issue equity shares and the…

Q: When a corporation acquires its own shares, those shares assume the same status as authorized but…

A: Retired shares:Buy back of shares from the shareholders by paying cash and obtaining the status of…

Q: A stockholder dissatisfied with the management of the corporation done by the Board of Directors…

A: Shareholder or Stockholder refers to the person, company which owns atleast one share of the stock…

Q: Using the information above, what is the audited net unrealized loss/gain on marketable equity…

A: Unrealized gains are improvements in the value of assets that have yet to be converted into cash,…

Q: It is and to sell or buy shares of a company on the basis of information not available to the…

A: Company means the form of business where management is separately from owner and have perpetual…

Q: When a public shareholding company changes an accounting policy voluntarily, it has to (a) Inform…

A: A public shareholding company can change its accounting policy voluntarily to provide more relevant…

Q: In the absence of evidence to the contrary, all the retained earnings of an entity can be declared…

A: Appropriated retained earnings are defined as that part of retained earnings that have been set…

Q: An entity has made an error in the balance sheet. During the current year, a bond has been…

A: it is important that financial statement in order to make investment decisions by the investors. the…

Q: Whereas, a decrease of the authorized capital stock will not be approved by the SEC if the effect is…

A: Authorized share capital is the maximum amount of share capital that a company can issue. This limit…

Q: The following are the characteristics of a close corporation, except:  a. Any action by the…

A: Closed corporation refers to the company under which the shares are held through selecting the few…

Q: What requirments are imposed on publicly traded corporations by the Sarbanes-Oxley Act?

A: Fraud: It is the intentional misrepresentation of facts or information for the motive of personal or…

Q: Under what circumstances is a company exempt from filing a registration statement with the SEC prior…

A: Definition:   Securities Exchange Commission (SEC): This is the government agency that governs the…

Q: Why do certain corporations disclose non-GAAP financial measures?

A: This question explains about corporations disclose non-GAAP financial measures