A) may occur in the absence of retained earnings. B) will increase total equity. C) will increase the total par value of the shares. D) will have no effect on the par value per share of shares. A) may occur in the absence of retained earnings. B) will increase total equity. C) will increase the total par value of the shares. D) will have no effect on the par value per share of shares.

Exam 11: Corporations: Organization, Share Transactions, Dividends,and Retained Earnings

The dominant form of business organization in the United States in terms of dollar sales volume, earnings, and employees is

(Multiple Choice)

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Question 101

The cash proceeds from issuing par value shares may be equal to or greater than, but not less than par value.

(True/False)

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Question 102

A corporation can be organized for the purpose of making a profit or it may be not-for-profit.

(True/False)

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Question 103

The Nice Corporation issues 8,000 preference shares with a of $100 par value for cash at $110 per share.The entry to record the transaction will consist of a debit to Cash for $880,000 and a credit or credits to

(Multiple Choice)

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Question 104

Which one of the following events would not require a formal journal entry on a corporation's books?

(Multiple Choice)

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Question 105

Le Bateau Company issued 25,000 shares of 5%, €100 par value preference shares for €114 per share.This transaction will

(Multiple Choice)

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Question 106

Voltaire Corporation issued 2,000 ordinary shares of CHF5 par value for CHF20 per share.The entry to record this transaction includes a credit to Share Premium-ordinary for

(Multiple Choice)

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Question 107

Dividends may be declared and paid in cash or shares.

(True/False)

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Question 108

If a company issues par-value ordinary shares, the balance in the Share Capital - ordinary will be

(Multiple Choice)

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Question 109

Each of the following is correct regarding treasury shares except that it has been

(Multiple Choice)

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Question 110

Use the following information to answer questions . -The balance in Treasury Shares at December 31, 2011 is

(Multiple Choice)

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Question 111

The priorities associated with preference shares include the right to vote before the ordinary shareholders.

(True/False)

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Question 112

Of the various dividends types, the two most common types in practice are

(Multiple Choice)

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Question 113

The officer who is generally responsible for maintaining the cash position of the corporation is the

(Multiple Choice)

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Question 114

A share split

(Multiple Choice)

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Question 115

The par value of ordinary shares must always be equal to its fair value on the date the shares are issued.

(True/False)

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Question 116

Rebel Inc.issued 3,000 no-par ordinary shares with a stated value of $3 per share.The market price of the shares on the date of issuance was $12 per share.The entry to record this transaction includes a

(Multiple Choice)

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Question 117

In most countries, a corporation's creditors' claim can only be paid out of that corporation's assets.

(True/False)

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Question 118

Treasury Shares is a contra equity account.

(True/False)

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Question 119

The term "reserves" is used for forms of equity other than that contributed by shareholders.

(True/False)

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Question 120

Showing 101 - 120 of 205

The dominant form of business organization in the United States in terms of dollar sales volume, earnings, and employees is

The cash proceeds from issuing par value shares may be equal to or greater than, but not less than par value.

A corporation can be organized for the purpose of making a profit or it may be not-for-profit.

The Nice Corporation issues 8,000 preference shares with a of $100 par value for cash at $110 per share.The entry to record the transaction will consist of a debit to Cash for $880,000 and a credit or credits to

Which one of the following events would not require a formal journal entry on a corporation's books?

Le Bateau Company issued 25,000 shares of 5%, €100 par value preference shares for €114 per share.This transaction will

Voltaire Corporation issued 2,000 ordinary shares of CHF5 par value for CHF20 per share.The entry to record this transaction includes a credit to Share Premium-ordinary for

Dividends may be declared and paid in cash or shares.

If a company issues par-value ordinary shares, the balance in the Share Capital - ordinary will be

Each of the following is correct regarding treasury shares except that it has been

Use the following information to answer questions . -The balance in Treasury Shares at December 31, 2011 is

The priorities associated with preference shares include the right to vote before the ordinary shareholders.

Of the various dividends types, the two most common types in practice are

The officer who is generally responsible for maintaining the cash position of the corporation is the

A share split

The par value of ordinary shares must always be equal to its fair value on the date the shares are issued.

Rebel Inc.issued 3,000 no-par ordinary shares with a stated value of $3 per share.The market price of the shares on the date of issuance was $12 per share.The entry to record this transaction includes a

In most countries, a corporation's creditors' claim can only be paid out of that corporation's assets.

Treasury Shares is a contra equity account.

The term "reserves" is used for forms of equity other than that contributed by shareholders.

Accounting in Action

The Recording Process

Adjusting the Accounts

Completing the Accounting Cycle

Accounting for Merchandising Operations

Inventories

Fraud, Internal Control, and Cash

Accounting for Receivables

Plant Assets, Natural Resources, and Intangible Assets

Liabilities

Investments

Statement of Cash Flows

Financial Statement Analysis

Payroll Accounting

Other Significant Liabilities

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