Quèstion 12 Which of the following represents the total number of shares that a corporation may issue under the terms of its charte- unissued shares outstanding shares issued shares authorized shares

Quèstion 12 Which of the following represents the total number of shares that a corporation may issue under the terms of its charte- unissued shares outstanding shares issued shares authorized shares

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 7MC: The number of shares that a corporations incorporation documents allows it to sell is referred to as...

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Quèstion 12
Which of the following represents the total number of shares that a corporation may issue under the terms of its charter
unissued shares
outstanding shares
issued shares
authorized shares

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The number of shares that a corporations incorporation documents allows it to sell is referred to as ________. A. issued stock B. outstanding stock C. common stock D. authorized stock
Par value of a stock refers to the ________. A. issue price of a stock B. value assigned by the incorporation documents C. maximum selling price of a stock D. dividend to be paid by the corporation
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
Question 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 issued
Treasury shares represent the ______________________ a. Number of previously issued shares that have been repurchased by the corporation. b. Number of shares that are currently held by shareholders c. Number of shares that the corporation sold d. Maximum number of shares that the corporation can sell
3. Authorized shares represent the a.number of shares that have been sold. b.number of shares that are currently held by shareholders. c.number of shares that have been repurchased by the corporation. d.maximum number of shares that can be issued.
Outstanding ordinary shares are: Select one: a. Shares that are performing well on the stock exchange. b. Shares in the hands of shareholders. c. Shares held in the corporate treasury. d. Shares that have been authorized for issue.
Question Content Area The charter of a corporation provides for the issuance of 115,018 shares of common stock. Assume that 35,485 shares were originally issued and 3,170 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? a. $64,630 b. $35,485 c. $3,170 d. $115,018
What is the maximum number of shares of stock that a corporation can issue over the life of the charter called? Group of answer choices issued authorized outstanding treasury shares
Outstanding shares are the a. Number of shares that have been distributed to shareholders b. Total number of shares that can be issued by the corporation at any time c. Number of shares that are owned by shareholders at the balance sheet date d. Number of shares the corporation has repurchased.
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 choices
1. The amount of stock that a corporation has sold at some point in time is called a. issued share b. share capital c. outstanding share d. authorized share