FUNDAMENTALS OF FINANCIAL ACCOUNTING
6th Edition
ISBN: 9781260823875
Author: PHILLIPS
Publisher: MCGRAW-HILL CUSTOM PUBLISHING
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Textbook Question
Chapter 11, Problem 4MC
Which of the following is ordered from the largest number of shares to the smallest number of shares?
- a. Shares authorized, shares issued, shares outstanding.
- b. Shares issued, shares outstanding, shares authorized.
- c. Shares outstanding, shares issued, shares authorized.
- d. Shares in treasury, shares outstanding, shares issued.
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Which of the following is ordered from the largest numberof shares to the smallest number of shares?a. Shares authorized, shares issued, shares outstanding.b. Shares issued, shares outstanding, shares authorized.c. Shares outstanding, shares issued, shares authorized.d. Shares in treasury, shares outstanding, shares issued.
Which of the following formulas is correct regarding the different status of shares of stock: authorized shares, issued shares, outstanding shares, and treasury shares?
a.
Issued – Treasury = Outstanding
b.
Issued + Treasury = Authorized
c.
Authorized + Treasury = Issued
d.
Issued + Outstanding + Treasury = Authorized
Which of the following classifications represents the most shares of common stock?a. Unissued sharesb. Issued sharesc. Treasury sharesd. Outstanding sharese. Authorized shares
Chapter 11 Solutions
FUNDAMENTALS OF FINANCIAL ACCOUNTING
Ch. 11 - Prob. 1QCh. 11 - Prob. 2QCh. 11 - Prob. 3QCh. 11 - Explain each of the following terms: (a)...Ch. 11 - What are the differences between common stock and...Ch. 11 - What is the distinction between par value and...Ch. 11 - What are the usual characteristics of preferred...Ch. 11 - What items are included in Accumulated Other...Ch. 11 - What is treasury stock? Why do corporations...Ch. 11 - How is treasury stock reported on the balance...
Ch. 11 - What are the two financial requirements to support...Ch. 11 - What is the difference between cumulative and...Ch. 11 - What is a stock dividend? How does a stock...Ch. 11 - What are the primary reasons for issuing a stock...Ch. 11 - Your company has been very profitable and expects...Ch. 11 - Identify and explain four important dates with...Ch. 11 - Prob. 17QCh. 11 - How do stock repurchases affect the EPS and ROE...Ch. 11 - What is one interpretation of a high P/E ratio?Ch. 11 - Prob. 20QCh. 11 - Which feature is not applicable to common stock...Ch. 11 - Which statement regarding treasury stock is false?...Ch. 11 - Which of the following statements about stock...Ch. 11 - Which of the following is ordered from the largest...Ch. 11 - Prob. 5MCCh. 11 - A journal entry is not recorded on what date? a....Ch. 11 - Prob. 7MCCh. 11 - Prob. 8MCCh. 11 - Prob. 9MCCh. 11 - Prob. 10MCCh. 11 - Equity versus Debt Financing Indicate whether each...Ch. 11 - Computing the Number of Issued Shares Face 2 Face...Ch. 11 - Computing the Number of Unissued Shares The...Ch. 11 - Analyzing and Recording the Issuance of Common...Ch. 11 - Analyzing and Recording the Issuance of No-Par...Ch. 11 - Determining the Effects of Stock Issuance and...Ch. 11 - Determining the Amount of a Dividend Netpass...Ch. 11 - Recording Dividends On May 20, the board of...Ch. 11 - Determining the Impact of a Stock Dividend Sturdy...Ch. 11 - Determining the Impact of a Stock Split Complete...Ch. 11 - Determining the Amount of a Preferred Dividend...Ch. 11 - Determining the Amount of a Preferred Dividend...Ch. 11 - Calculating and Interpreting Earnings per Share...Ch. 11 - Inferring Financial Information Using the P/E...Ch. 11 - (Supplement 11A) Comparing Owner's Equity to...Ch. 11 - (Supplement 11B) Recording a Stock Dividend To...Ch. 11 - Computing Shares Outstanding The 2016 annual...Ch. 11 - Reporting Stockholders' Equity and Determining...Ch. 11 - Preparing the Stockholders' Equity Section of the...Ch. 11 - Reporting the Stockholders' Equity Section of the...Ch. 11 - Determining the Effects of the Issuance of Common...Ch. 11 - Recording and Reporting Stockholders' Equity...Ch. 11 - Finding Amounts Missing from the Stockholders'...Ch. 11 - Recording Treasury Stock Transactions and...Ch. 11 - Prob. 9ECh. 11 - Computing Dividends on Preferred Stock and...Ch. 11 - Recording Dividends and Preparing a Statement of...Ch. 11 - Analyzing Stock Dividends On December 31, the...Ch. 11 - Prob. 13ECh. 11 - Comparing 100 percent Stock Dividend and 2-for-1...Ch. 11 - Journalizing Cash Dividends Bogscraft Company has...Ch. 11 - Preparing a Statement of Retained Earnings and...Ch. 11 - Determining the Effect of a Stock Repurchase on...Ch. 11 - (Supplement 11 A) Comparing Stockholders' Equity...Ch. 11 - Prob. 19ECh. 11 - Analyzing Accounting Equation Effects, Recording...Ch. 11 - Recording Stock Dividends Activision Blizzard,...Ch. 11 - Finding Missing Amounts At December 31, the...Ch. 11 - Prob. 4CPCh. 11 - Prob. 5CPCh. 11 - Analyzing Accounting Equation Effects, Recording...Ch. 11 - Recording Cash Dividends National Chocolate Corp....Ch. 11 - Finding Missing Amounts At December 31, the...Ch. 11 - Calculating Common and Preferred Cash Dividends...Ch. 11 - Prob. 5PACh. 11 - Analyzing Accounting Equation Effects, Recording...Ch. 11 - Prob. 2PBCh. 11 - Prob. 3PBCh. 11 - Prob. 4PBCh. 11 - Prob. 5PBCh. 11 - Financial Reporting of Depreciation, Write-off,...Ch. 11 - Prob. 2COPCh. 11 - Prob. 1SDCCh. 11 - Prob. 2SDCCh. 11 - Prob. 4SDCCh. 11 - Prob. 5SDCCh. 11 - Critical Thinking: Making a Decision asan Investor...Ch. 11 - CC11 Accounting for Equity Financing Nicole has...
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- Which of the following statements is true? The outstanding number of shares is the maximum number of shares that can be issued by a corporation. The shares that are in the hands of the stockholders are said to be outstanding. It is very unlikely that corporations will have more than one class of stock outstanding. Preferred stock is stock that has been retired.arrow_forwardThe 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 capitalarrow_forwardWhich 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. NOPATarrow_forward
- Determine the the number of shares issued and shares outstanding, respectivelyarrow_forwardAuthorized shares are the a) Number of shares that have been distributed to shareholders b) Total number of shares that can be issued by the company at any time c) Number of shares that are owned by shareholders at the balance sheet date d) Number of shares the company has repurchasedarrow_forwardThe correct order from the smallest number of shares to the largest number of shares is: a. Authorized, issued, and outstanding.b. Outstanding, issued, and authorized.c. Issued, outstanding, and authorized.d. Issued, authorized, and outstanding.arrow_forward
- At the date of the financial statements, ordinary shares issued would exceed ordinary shares outstanding as a result of the a. Payment in full of subscribed shares b. Purchase of treasury shares c. Declaration of stock split d. Declaration of stock dividendarrow_forwardOutstanding 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.arrow_forwardAs of the date of the financial statements, the number of common shares issued will exceed the number of shares outstanding as a result of the: o. purchase of treasury stocks. b. declaration of a large stock dividend. c. declaration of a "Stock split" or fractionation of shares. d. immediate purchase and withdrawal of common shares.arrow_forward
- How many shares of common and preferred stock does your company have: Authorized? Issued? Outstanding?arrow_forwardThe number of shares of common stock issued and outstanding was ______arrow_forwardWho are entitled to dividends? a. Issued and subscribed shares b. Outstanding and subscribed shares c. Issued shares d. Issued and Outstanding sharesarrow_forward
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