ADDITIONAL STOCKHOLDERS EQUITY

the cost of treasury shares acquired for noncash consideration is usually measured by

• carrying amount of the noncash asset surrendered

• fair value of the noncash asset surrendered

• fair value of the treasury shares

• book value of the treasury shares

the total cost of treasury shares shall be reported as

• deduction from shareholders equity

• financial asset

• deduction from retained earnings

• deduction from share premium

if treasury shares are reissued for noncash consideration the proceeds shall be measured by

• fair value of the treasury shares

• fair value of the noncash consideration received

• carrying amount of the noncash consideration received

• carrying amount of the treasury shares

"loss" frm sale of treasury shares shall be charged to

• loss on sale of treasury shares

• retained earnings and then share premium from treasury shares

• share premium from treasury shares and then retained earnings

• share premium from original issuance and then retained earnings

Which is not a method to acount for treasury shares

• cost method

• par value method

• retained earnings method

• constructive retirement method

Gain on the retirement of treasury shares shall credited to

• share premium

• retained earnings

• share capital

• income

share warrant outstanding accounts hall be reported as

• liability

• reduction of share premium

• share capital

• share premium

Share split is issued primarily to

• increase the number of outstanding shares

• increase the number of authorized shares

• increase legal capital

• induce a decline in market value per share

When treasury shares are sold at a price above cost

• a gain account is credited

• a loss is reported

• a revenue account is credited

• contributed capital is increased

An entity issued rights to the existing shareholders to purchase unissued ordinary shares at more than par value. Share premium would be recorded when the rights

• expire

• are exercised

• become exercisable

• are issued