question archive 1) Statement I : Ordinary Shares are preferred as to dividends Statement II : Preference Shares have voting powers a
1) Statement I : Ordinary Shares are preferred as to dividends Statement II : Preference Shares have voting powers a
Subject:AccountingPrice: Bought3
1) Statement I : Ordinary Shares are preferred as to dividends
Statement II : Preference Shares have voting powers
a. Both Statements are True
b. Both Statements are False
c. Only Statement 1 is True
d. Only Statement 2 is True
2. Statement I : Ordinary Shares have Pre Emptive Right
Statement II : Ordinary Shares have Voting Rights
a. Both Statements are True
b. Both Statements are False
c. Only Statement 1 is True
d. Only Statement 2 is True
3. Statement I : Treasury Shares are part of Outstanding Shares
Statement II : Treasury share are Issued
a. Both Statements are True
b. Both Statements are False
c. Only Statement 1 is True
d. Only Statement 2 is True
4. Statement I : Shares issued above par value is allowed
Statement II : share issued below par value is allowed per accounting
a. Both Statements are True
b. Both Statements are False
c. Only Statement 1 is True
d. Only Statement 2 is True
5. Statement I : Subscription Receivable is Current if silent
Statement II : 25% of the Shares Subscribed must be paid
a. Both Statements are True
b. Both Statements are False
c. Only Statement 1 is True
d. Only Statement 2 is True
6. Statement I : Treasury Shares is part of Share Capital Line Item
Statement II : Appropriated Retained Earnings is part of the the Reserve Section of Equity
a. Both Statements are True
b. Both Statements are False
c. Only Statement 1 is True
d. Only Statement 2 is True
7. Statement I : Dividends Declared is a deduction to Retained Earnings
Statement II : Retained Earnings can have a Negative Balance
a. Both Statements are True
b. Both Statements are False
c. Only Statement 1 is True
d. Only Statement 2 is True
8. Statement I : The Excess of Treasure Shares Reissued at more than cost is credited to Share Premium
Statement II : Treasury Shares Reissued at below cost is charged primarily to Retained Earnings
a. Both Statements are True
b. Both Statements are False
c. Only Statement 1 is True
d. Only Statement 2 is True
9. Statement I : Share Split Up affects the Total Shareholder's Equity
Statement II : Share Split Down affects the Total Shareholder's Equity
a. Both Statements are True
b. Both Statements are False
c. Only Statement 1 is True
d. Only Statement 2 is True
10. Statement I : If rights are expired only a memorandum entry is required
Statement II : Share Warrant is the result of Pre Emptive Right
a. Both Statements are True
b. Both Statements are False
c. Only Statement 1 is True
d. Only Statement 2 is True
11. Statement I : Treasury Shares Retired are charged first to Retained Earnings
Statement II : Shares Acquired but not Cancelled is called Preference Shares
a. Both Statements are True
b. Both Statements are False
c. Only Statement 1 is True
d. Only Statement 2 is True
12. Statement I : Net Income is Added to Retained Earnings
Statement II : Net Loss id Deducted to Retained Earnings
a. Both Statements are True
b. Both Statements are False
c. Only Statement 1 is True
d. Only Statement 2 is True
13. Statement I : Donated Shares are part of Share Premium
Statement II : Preference Shareholders can exercise pre emptive right
a. Both Statements are True
b. Both Statements are False
c. Only Statement 1 is True
d. Only Statement 2 is True
14. Statement I : Share Option is an Equity Settled Share Based COmpensation
Statement II : Share Appreciation Right is a Cash Settled Share Based Compensation
a. Both Statements are True
b. Both Statements are False
c. Only Statement 1 is True
d. Only Statement 2 is True
15. Statement I : Compensation from Share Options are measured at Fair Value
Statement II : Share Based Compensatioin can be a Compound Instrument
a. Both Statements are True
b. Both Statements are False
c. Only Statement 1 is True
d. Only Statement 2 is True
16. Statement I : Intrinsic Value os the excess of the optioin price over market value of share
Statement II : Dividends can be charged to Approriated retained Earnings
a. Both Statements are True
b. Both Statements are False
c. Only Statement 1 is True
d. Only Statement 2 is True
17. Statement I : Dividends are recorded at the date of Record
Statement II : Property Dividends are measured at Fair Value
a. Both Statements are True
b. Both Statements are False
c. Only Statement 1 is True
d. Only Statement 2 is True
18. Statement I : Large Stock Dividends are recorded at Par Value
Statement II : Small Stock Dividends are recorded at Fair Value
a. Both Statements are True
b. Both Statements are False
c. Only Statement 1 is True
d. Only Statement 2 is True
19. Statement I : Cash Dividends are recorded at Fair Value
Statement II : Property Dividends are treated as deduction to Retained Earnings
a. Both Statements are True
b. Both Statements are False
c. Only Statement 1 is True
d. Only Statement 2 is True
20. Statement I : Share Dividends Distributable are Liabilities
Statement II : Cash Dividends Payable are Liabilities
a. Both Statements are True
b. Both Statements are False
c. Only Statement 1 is True
d. Only Statement 2 is True
