3. What is the correct answer? Which of the following items could appear in a statement ofcash flows?1. Proceeds from issue of shares2. Proposed dividends3. Irrevocable debts written off4. Dividends receivedA) 1, 2 and 3 onlyB) 1, 2, 3 and 4 onlyc) 1 and 4 onlyD) 2 and 3 only

The cash flow statement is prepared to record the cash flow from various activities during the…

Answered: Which of the following items could…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 14MC: Which of the following is true of a stock dividend? A. It is a liability. B. The decision to issue a...

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Which of the following is true of a stock dividend? A. It is a liability. B. The decision to issue a stock dividend resides with shareholders. C. It does not affect total equity but transfers amounts between equity components. D. It creates a cash reserve for shareholders.
The total amount of cash and other assets received by a corporation from the stockholders in exchange for the shares is ________. A. always equal to par value B. referred to as retained earnings C. always below its stated value D. referred to as paid-in capital
Treasury Stock Refer to the information for Heitman Company above. Required: 1. How will this transaction affect stockholders equity? How will this transaction affect net income?
Which of the following measures the portion of a corporations profit allocated to each outstanding share of common stock? A. retained earnings B. EPS C. EBITDA D. NOPAT
What is the impact on the accounting equation when stock is issued, in exchange for assets? A. both sides increase B. both sides decrease C. only the Asset side changes D. neither side changes
Which of the following items could appear in a statement of cashflows? 1. Proceeds of issue of shares 2. Proposed dividends 3. Irrecoverable debts written off 4. Dividends received a. 1,2 and 3 only b. 1, 2, 3, 4 c. 1 and 4 only d. 2 and 3 only
Indicate whether the following actions would (+) increase, (–) decrease, or (0) not affect a company's total assets, liabilities, and stockholders' equity. Stockholders' Assets Liabilities Equity (a) Declaring a cash dividend _______ _______ _______ (b) Paying the cash dividend declared in (a) _______ _______ _______ (c) Declaring a stock dividend _______ _______ _______ (d) Issuing stock certificates for the stock dividend declared in (c) _______ _______ _______ Question 10 options:
Which of the following affects the total Shareholders’ Equity? a. Declaration of a scrip dividend b. Declaration of share split c. Appropriation of retained earnings d. Retirement of treasury shares
Indicate whether each of the following transactions increases (+), decreases (−), or has no effect (NE) on total assets, total liabilities, and total stockholders’ equity. The first transaction is completed as an example. Transaction Total Assets Total Liabilities Total Stockholders’ Equity Issue common stock Issue preferred stockPurchase treasury stockResell treasury stockDeclare cash dividendPay cash dividend100% stock dividend2-for-1 stock split + NE +
For the following three situations: A company uses its paid-in capital (in addition to retained earnings) to pay dividends. A company distributes another company’s shares as dividends. A company distributes its own shares as dividends. What types of dividends are involved, respectively? Enter 1, 2, 3, or 4 that represents the correct answer. 1. property dividends, stock dividends, liquidating dividends, respectively. 2. property dividends, liquidating dividends, stock dividends, respectively. 3. liquidating dividends, property dividends, stock dividends, respectively. 4. liquidating dividends, stock dividends, property dividends, respectively.
For each item below, indicate to which category of elements of financial statements it belongs. (Asset, liabilities, equity, none of them) a. Retained earnings. c. Share Premium. e. Depreciation. g. Interest payable. i. Gain on sale of investment. b. Sales. d. Inventory. f. Loss on sale of equipment. h. Dividends. j. Issuance of ordinary shares.
Cash dividends are paid on the basis of the number of shares? instructions: what is the correct answer a. authorized b. issued. c. outstanding d. outstanding less the number of treasury shares

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Which of the following items could appear in a statement of cash flows? 1. Proceeds from issue of shares 2. Proposed dividends 3. Irrevocable debts written off 4. Dividends received