Corporation - Shareholders’ Equity

Corporation - Shareholders’ Equity

University

10 Qs

quiz-placeholder

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Corporation - Shareholders’ Equity

Corporation - Shareholders’ Equity

Assessment

Quiz

Business, Education

University

Practice Problem

Medium

Created by

Editha Trinidad

Used 34+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

Another term for share premium is ____

Reserves

Additional Paid-In Capital

Both Reserves and Additional Paid-In Capital

None of the options stated

2.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Sale of treasury shares always results in an increase in stockholders’ equity.

T

F

3.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Re-purchase of shares results in an increase in Treasury Shares and, consequently, total stockholders’ equity

T

F

4.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

Of all the items in the Statement of Changes in Stockholders’ Equity, which account is not shown in the Statement of Financial Position?

Share Capital

Share Premium

Accumulated Profits – Appropriated

Treasury Shares

5.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Appropriations made on the Accumulated Profits are done only if there is a legal or contractual obligation to do so.

T

F

6.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Share dividend declaration does not affect shareholders’ equity.

T

F

7.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

The bottom line in the Statement of Changes in Equity will also be used in another financial statement.

T

F

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