SHAREHOLDERS' EQUITY

The net assets of a corporate entity is popularly known as

Organization cost shall be

• capitalized

• expensed outright

• deferred

• not recognized

It represents money that shareholders invest in a corporate entity

• Treasury stock

• Preferred Stock

• Additional paid in capital

• Paid in capital

Shares that have fixed per-share amount printed on the share certificate are called

It refers to the portion of the paid-in capital that represents the total of the shares issued that contains common and preferred stocks

• Share capital

• Preference Share

• Share premium

• Retained Earnings

The portion of capital which cannot be returned to stockholders in any form during the lifetime of the corporation is called

When treasury shares are sold at a price above cost

• A gain is credited

• A loss is reported

• A revenue account is credited

• Share premium os increased

Gain on retirement of treasury shares shall be credited to

• Income

• Share capital

• Share premium

• Retained Earnings

Stock split is recorded by a

• Memorandum entry

• Journal entry

• A and B

• A or B, at the option of the entity

What does it mean when a company has accumulated losses?

• Profit

• Deficit

• Net income

• Retained Earnings