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WorksheetsADDITIONAL STOCKHOLDERS EQUITY
Total questions: 10
Worksheet time: 3mins
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
