Which of the following is False in regards to Share premium account? a. It will be shown under the shareholders equity b. It will be collected when the issue price is more than the par value of shares c. It will be collected when the par value of share is more than the issue price d. It will not be shown under current assets in the balance sheeting

Q: What is the accounting for treasury share transactions? a. On repurchase or re-issuance of…

A: Hi since you have asked a question with multiple questions we are solving the 1st question for you.…

Q: Which of the following is not normally found in the total equity section of a​ company's statement…

A: Answer: Correct Option is C  Dividends payable to the ordinary shareholders is not found in the…

Q: WHICH STATEMENT IS FALSE? A. If the net income of prior period is overstated because of the change…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: appear under the heading capital and reserves in a company balance sheet?  A. Ordinary share…

A: The following appear under the heading capital and reserves in a company balance sheet: Ordinary…

Q: Restricted retained earnings by making an entry equal to the cost of treasury shares purchased.

A: Shareholder Equity- The amount invested by shareholders in a specific organization is referred to as…

Q: When treasury stock is sold below cost, the Paid-in Capital, Treasury Stock account is debited for…

A: Treasury stock refers to previously issued stock that the issuing business buys back from…

Q: Which of the following is NOT correct regarding trading securities *   a. Unrealized holding gains…

A: Securities are defined as those instruments which are used for investment purposes. These can be…

Q: Which of the following items is not presented under the equity section of the statement of financial…

A: The equity section contains the information that records about resources that owners invested and to…

Q: The fair value method of accounting for stock

A: As per IFRS 9 , Equity investments should be measured through fair value through profit and loss…

Q: Comprehensive income includes the following except: A. revenues and gains B. expense and loss C.…

A: Comprehensive income  : Comprehensive income is the income of business which is the variation of…

Q: Which one or more of the following would you not include within the heading Equity and Reserves in a…

A: Equity and reserves that are shown under statement of financial position means all amount…

Q: Which of the following may not affect retained earnings or earned capital? Correction of prior…

A: The question is related to retained earnings. The retained earnings will be affected by Profit or…

Q: Standard requires every stock corporation to disclose the amount of unrestricted retained earnings…

A: treasury stock has another name treasury shares are required shared means previously outstanding…

Q: n stock appreciation right, decline in fair value of share shall be accounted as A. Loss and…

A: The prices of shares goes up and down and adjustment are to be done for that.

Q: Which of the following is false? a.   Under GAAP, companies cannot record gains on transactions…

A: Common stock: These are the ordinary shares that a corporation issues to the investors in order to…

Q: How would a share split affect the amount of total share capital, total shareholder's equity and…

A: Share split decreases the par value of a share and increases the number of shares. For example: If…

Q: Which of the following is NOT a characteristic of an ordinary share? a) The dividends are at the…

A: Ordinary share is a common stock which gives ownership of the company.

Q: Which of the following would result from watered shares? overstated capital understated assets…

A: solution : Which of the following would result from watered shares? Correct answer is overstated…

Q: issued shares to another company or individual. This a transaction that would be traded in the…

A: There are primary as well as secondary market

Q: Which is an incorrect statement below? A. Treasury shares are an entity's own shares that have been…

A: The balance sheet shows the financial statement of the company that represents the assets,…

Q: When the market value of a company’s portfolio of available-for-sale securities is lower than its…

A: Valuation allowance account - Contra asset to record "temporary" market changes in FV for HFT/AFS…

Q: Which of the following is incorrect? * Reacquisition of treasury shares decreases total…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Choose the correct answer:  Equity security acquired for non-trading and the shares are not enough…

A: Solution Concept When there is no significant influence then the investment is financial asset Debt…

Q: Which of the following does not appear under the heading: Capital and reserves in a company balance…

A: Capital and reserves head of the balance contains the information regarding share capitals and…

Q: Which one of the following statements about ordinary equity is correct? a. Shareholders have a…

A: Ordinary or equity shares are the most frequent type of stock issued by a public firm to obtain…

Q: When a share split occurs, the aggregate par value of issued shares will change. * True O False

A: Share split means to divide the shares and increase them in numbers and alternatively adjusting the…

Q: Which of the following is not true for Book Value of a share? * It depends on the balance sheet…

A: Book value of share: The book value is calculated on the basis of the book value of assets and…

Q: What is the inherent justification underlying the concept of potential ordinary shares or diluters…

A: Introduction:- The following Qualitative characteristics of accounting information as follows…

Q: rdinary share capitalOrdinary share capitalWhich of the following items would not form part of the…

A: Trade payables are third party liability which are shown as liabilities and not as shareholders…

Q: Basic earnings per share will serve as a guide to investors as to the attractiveness of ordinary…

A: solution Basic earning per share                 Basic earning per share is the earning generated…

Q: When non-par value shares are reacquired at a cost greater than their average issue price and…

A: Stock that has no par value is known as no-par value stock. The price that investors are ready to…

Q: What is the accounting for treasury share transactions?    a. Treasury shares are accounted for as…

A: Answer) The correct answer in the given question is: (c) On re-issuance of treasury shares, a gain…

Q: Which of the following statements is false? a. the common stock account has a credit balance. b. the…

A:

Q: Which statement is incorrect? * a. On repurchase of treasury shares, no gain or loss is recognized.…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Which statement regarding treasury stock is false?a. Treasury stock is considered to be issued but…

A: Treasury stock: The shares which were reacquired or bought back by the company, but not formally…

Q: Which among the following statement is correct about Theoretical ex- right price of right issue:…

A: The theoretical ex-rights price is the price that is estimated for the share following the right…

Q: Which statement is incorrect? *   A. EPS disclosures are required for entities whose ordinary shares…

A: EPS = Earning Per Share It refers to company's net profit Divided by No of common share…

Q: Which of the statements below is false? If the net income of prior period is overstated because of…

A: 1. True. The effect would be deducted from the beginning retained earnings. 2. True. Prior period…

Q: If a company repurchases its own stock, the journal entry to record this transaction will cause…

A: According to the question, the statement seems to be False. Thus we can say that "If a company…

Q: True or False: When stock is issued for more than its par value, the excess is considered to be an…

A: Additional paid-in-capital can be defined as the extra amount received from the investor for an…

Q: If a company has trading securities, it will report unrealized changes in their value only when…

A: Trading Securities:- Trading securities are investments in debt or equity that management plans to…

Q: If a publicly traded company is trying to maximize its perceived value to decision makers external…

A: Assets are the resources of the organization which is useful for producing goods and services.…

Q: Which of the following statements is false regarding diluted earnings per share?     Reporting…

A: Solution: "Diluted earnings per share is always the same as basic earnings per share" this statement…

Q: If shares are issued for a non-cash asset, the share should be recorded at?    a. Zero b. Fair…

A: Solution: If shares are issued for a non-cash asset, the share should be recorded at "Fair value"…

Q: Which of the following is not a method that may be used to account for treasury shares? a. Cost…

A: The treasury shares are the shares which are reacquired by the issuing company from the…

Q: What does it mean to state that a company’s book value per share of common Q stock is less than its…

A: A share of a company represents the ownership proportion in the company. A holder of common stock is…

Q: Which of the following statements is false?   A The declaration of a dividend may not result in a…

A: Dividend: Distribution of company profits to the shareholders ( Real owners of the company ) is…