Multiple Choice
A bonus issue or share dividend:
A) Is not a liability on the balance sheet.
B) Does not reduce a corporation's assets and shareholders' equity.
C) Transfers a portion of equity from retained earnings to contributed capital.
D) Does not affect total equity, but does affect the components of equity.
E) All of these.
Correct Answer:
Verified
Correct Answer:
Verified
Q166: A corporation reported net income of $3,730,000
Q167: A company reported net income of $478,000
Q168: Corporations issue preference shares to raise capital
Q169: Book value per share is often used
Q170: is/are responsible for and have final authority
Q172: Owners of preference shares often do not
Q173: Par value of a share refers to
Q174: Dividend yield is defined as the market
Q175: A preemptive right means shareholders can purchase
Q176: How is the retirement of shares recorded?