Under U.S. GAAP, ________ preferred shares are classified as a liability. Group of answer choices mandatorily redeemable convertible callable non-mandatorily redeemable
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- Which statement is true regarding the accounting treatment for convertible preferred shares under IFRS? Question 21 options: a) Convertible preferred shares are initially measured at the fair value of the cash or other asset received. b) At conversion, a gain or loss is recognized on the difference between the carrying value of the equity portion of the shares and the fair value. c) Convertible preferred shares are subsequently measured at fair value. d) The liability and equity elements of convertible preferred shares must be presented separately on the statement of financial position.Under PFRS9, investment in equity securities not held for trading are classified as: A. FVOCI B. Either FVPL or FVOCI, depending on the entity’s business model. C. FVOCI, if the entity opted to carry as FVOCI, otherwise, carried as FVPL. D. FVPL20. Under PFRS9, investment in equity securities not held for trading are classified as: * a. FVPL b. Either FVPL or FVOCI, depending on the entity’s business model c. FVOCI, if the entity opted to carry as FVOCI, otherwise, carried as d. FVPL FVOCI
- Treasury shares are recorded at * acquisition cost fair value at balance sheet date fair value at date of acquisition fair value at original issueUnder PFRS9, reclassification of investment in equity securities: A. Is allowed as long as it is based on a change in the entity's business model B. Is allowed, as long as the reclassification is made within the year the investment was acquired C. Is allowed, since the entity always has the option to carry the investment as either FVPL or FVOCI D. Is not allowedMandatorily redeemable preferred stock (preference shares) is reported among liabilities and their dividends are reported in the income statement as interest expense using a. U.S. GAAP. b. IFRS. c. Both U.S. GAAP and IFRS. d. Neither U.S. GAAP nor IFRS.
- Which statement is incorrect? a. Shares, issued in exchange for the settlement of a liability, are included in EPS calculation from the settlement date. b. Shares, that will be issued upon the conversion of a mandatorily convertible instrument, are included in the calculation of basic EPS from the date the contract is entered into. c. Contingently-issuable shares are treated as outstanding, and are included in the calculation of basic EPS from the date when all necessary conditions are satisfied. d. none of the above14. When the equity shares are issued for noncash consideration, the share capital is recorded at an amount equal to the following in which order of priority Group of answer choices a. Fair value of shares issued – Fair value of the noncash consideration received – Par value of the shares issued. b. Fair value of noncash consideration received – Fair value of shares issued – Par value of the shares issued. c. Par value of the shares issued – Fair value of noncash consideration received – Fair value of shares issued. d. Fair value of shares issued – Par value of shares issued – Fair value of noncash consideration received.Which statement is incorrect? * Shares, issued in exchange for the settlement of a liability, are included in EPS calculation from the settlement date. Shares, that will be issued upon the conversion of a mandatorily convertible instrument, are included in the calculation of basic EPS from the date the contract is entered into. Contingently-issuable shares are treated as outstanding, and are included in the calculation of basic EPS from the date when all necessary conditions are satisfied. none of the above
- Explain how convertible securities are determined to bepotentially dilutive common shares and how thoseconvertible securities that are not considered to be potentiallydilutive common shares enter into the determinationof earnings per share data.Which of the following does not represent a pair of GAAP/IFRS-comparable terms? a. Additional paid-in capital/Share premium. b. Treasury stock/Repurchase reserve. c. Common stock/Share capital—ordinary. d. Preferred stock/Preference shares.How are shares issued at full market value treated differently from rights issues? Explain why it is?
