A par value share has nominal value stated on the face of the share certificate?

When the share is sold at more than the par value, the difference is called "discount on share capital", which is then credit?

Deficiency in Accumulated Profits and Losses balance will decrease the shareholder's equity?

Share Dividends Payable are part of Liability?

Treasury share is an asset of the issuing corporation?

Treasury shares have the voting rights while they remained in the treasury?

A corporation is like an artificial person. It can transact business under its own name, hold or disposed property but it can never be sued to court?

Shareholders are not liable to corporate obligations in excess of their legal capital?

A person of minor age can be a shareholder but can never be an incorporator in a corporation?

No corporation or partnership shall be allowed to use the word "Maharlika" or "Baranggay" as part of its name?

Death of a shareholder will dissolve the corporation?

The new term for retained earnings is "Accumulated Profits(losses)?

Ordinary and Preference shareholders have the same rights and both enjoy the same privileges especially in distribution of dividends?

Under journal entry method, the amount of share capital issued is determined by deducting the balance of unissued share capital account from the balance of the authorized share capital?

A natural or artificial persons who have agreed to buy the original and unissued shares of a corporation are called

These refer to the rules and regulations adopted by the corporation in administering its internal government

Refers to the issued share capital and still in the hands of the shareholders-

Under Memorandum entry method, the issuance of share capital should be credited to-

Melon Corporation issued its 1,000 ordinary shares for legal services in forming the said corporation. The par value per share is P 100 and the fair market value is P 130. The cost of the services is P 140,000. How much would be debited to legal expense?

Daddy Corporation is authorized by its charter to issue 10% preference shares at P 100 par value, P 1,000,000 and 15,000 ordinary shares at P 100 par value. How much is the authorized share for ordinary share capital?

The Board of Directors of BSA Squad, Incorporated at their meeting on May 19, 20A declared a 12% cash dividend payable on Septmber 17, 20A to shareholders of record on July 31, 20A. The number of shares issued and outstanding were 5,000 shares with par value of P 100 per share. How much is the cash dividend should be declared?

Bebe Corporation holds 10,000 shares of its P 10 par value ordinary shares as treasury shares reacquired in 20A for P 120,000. On December 31, 20B, the company issued 5,000 shares for P 95,000. Under the cost method of accounting for treasury shares, the reissuance would result in a credit to-

Which of the following statement is true concerning share dividends?

Profit is closed to Accumulated Profits and Losses by this entry-