The date the liability for dividends must be recognized: I. Contractual appropriationJ. Share appreciation rightK. Quasi-reorganizationL Share dividendsM. Legal appropriationN. Recapitalizationo. Intrinsic valueP. Property dividendsA. Book valueB. Equity-settledC. Vesting periodD. Date of grantE. Liability dividendsF. Cash-settledG. Date of declarationH. Liquidating dividends

Introduction: There are 3 dates for Regards dividends: 1 ) Dividend Declaration date 2 ) Record date…

Answered: The date the liability for dividends…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Cash dividends declared but not paid as of the statement of financial position date are reported as a. current liabilityb. deduction from Cashc. addition to Share Capitald. addition to Additional Paid-in Capital
For fi nancial assets classifi ed as available for sale, how are unrealized gains and losses refl ected in shareholders’ equity? B . Th ey fl ow through retained earnings.
An appropriation of accumulated profits for possible contingencies should be a. Transferred to income as losses are realized b. Shown within shareholders’ equity in the statement of financial position c. Charged with all losses related to that contingency d. Classified in the liability section of the statement of financial position
Repurchased share transactions are reported on the: A) income statement as a part of continuing operations B) statement of changes in shareholders' equity C) income statement D) statement of retained earnings
An entity shall adjust the carrying amount of the dividend payable at the end of each reporting period and at the date of settlement with any changes in the carrying amount of the dividend payable recognized as component of other comprehensive income b. directly in retained earnings c. as gain or loss on property dividend d. as adjustment of share premium
Dividends are recognized in profit or loss only when a. the entity's right to receive payment of the dividend is established b. it is probable that the economic benefits associated with the dividend will flow to the entity c. the amount of the dividend can be measured reliably d. all of the above.
Which of the following correctly reflects the effect of dividend? a. On the date of payment of property dividend: ASSETS - Decrease, LIABILITIES - Decrease, EQUITY - Decrease b. On the date of declaration of small share dividend: ASSETS - No effect, LIABILITIES - No effect, EQUITY - Decrease c. On the date of declaration of dividend: ASSETS - No effect, LIABILITIES - Decrease, EQUITY - Decrease d. On the date of distribution of large share dividend: ASSETS - No effect, LIABILITIES - No effect, EQUITY - No effect
Dividends are recognized in profit or loss only when: Group of answer choices A. The amount of the dividend can be measured reliably. B. All of these. C. It is probable that the economic benefits associated with the dividend will flow to the entity. D. The entity’s right to receive payment of the dividend is established.
When 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
Matching Type. Choose the correct answer in the box provided. These are distributions of the earnings of the corporation in the form of the corporation's own shares. * It is the procedure of restating assets, liabilities and share capital balances at its fair value for the purpose of eliminating deficit. * Share option is the best example of this kind of share-based compensation plan. * The date the liability for dividends must be recognized *
Treasury shares are recorded at * acquisition cost fair value at balance sheet date fair value at date of acquisition fair value at original issue
Which of the following are Assets, Liabilities, EquityAccounts PayableCommon StockBonds PayableFurniture and FixturesInventoryInterest PayableDividentsAdditional paid-in-capitalPatents and copyrightsShort-term investments

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