is a correct statement below? A. Equity is the residual interest in the liabilities of the entity after deducting all of its assets. B. Subscriptions receivable shall preferably be reflected as a deduction from the related subscribed share capital. C. Share premium is also known as capital stock. D. A deficit is a credit balance in retained e

is a correct statement below? A. Equity is the residual interest in the liabilities of the entity after deducting all of its assets. B. Subscriptions receivable shall preferably be reflected as a deduction from the related subscribed share capital. C. Share premium is also known as capital stock. D. A deficit is a credit balance in retained e

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 11MC: Which of the following would trigger a subtraction in the indirect operating section? A. gain on...

See similar textbooks

Similar questions

Which of the following would trigger a subtraction in the indirect operating section? A. gain on sale of investments B. depreciation expense C. decrease in accounts receivable D. decrease in bonds payable
For each item below, indicate to which category of elements of financial statements it belongs. a. Retained earnings. b. Sales. c. Additional paid-in capital. d. Inventory. e. Depreciation. f. Loss on sale of equipment. g. Interest payable. h. Dividends. i. Gain on sale of investment. j. Issuance of common stock.
For each item below, indicate to which category of elements of financial statements it belongs. (Asset, liabilities, equity, none of them) a. Retained earnings. c. Share Premium. e. Depreciation. g. Interest payable. i. Gain on sale of investment. b. Sales. d. Inventory. f. Loss on sale of equipment. h. Dividends. j. Issuance of ordinary shares.
4. Which of the following items will appear in the statement of changes in equity? a. Extraordinary loss b. Write-off of goodwill c. Transaction instruments d. Transaction costs directly related to issuance of equity instruments costs directly related to issuance of debt
6. What is the effect on the financial statement elements if an SME receives goods or services in an equity-settled share-based payment transaction? a. Increase in assets and increase in income b. Increase in assets and increase in liability c. Increase in assets and increase in equity d. No effect on any of the financial statement elements
Which of the following statements regarding equity is not true? It is defined independently of assets and liabilities. O It includes the retained earnings of the entity. It can be increased by additional contributions by the owners. It is increased by profit.
I need help with these please. A. Record transfer of net loss to retained earnings. B. Record transfer of net income to retained earnings. C. Record repurchase of shares for retirement. D. Record declaration of cash dividend. E. Record payment of cash dividend.
Equity is generally classified into two major categories: Select one: a. earned capital and contributed capital. b. contributed capital and appropriated capital. c. retained earnings and unearned capital. d. appropriated capital and retained earnings.
Select contra accounts (e.g., contra-assets, contra-liabilities, contra-equity accounts). Select all that apply. O Amortization Expense O Accumulated Amortization O Bad debt expense O Treasury Stock O Depreciation Expense O Accumulated Depreciation O Additional Paid-In Capital O Allowance for Doubtful Account O Common Stock
The calculation of earnings and profits is used primarily to determine, which of the following: O a. if there is a return of basis O b. long term gain C. amount of the dividends O d. taxability of future distributions O e. taxability of dividends
Which of the following is correct? Select one: a. Unearned revenues are considered increases to stockholders' equity. b. Working capital is measured as current liabilities minus current assets. C. Unearned revenues will eventually become revenue earned. d. Working capital increases when a company pays the principal on a long-term note.
Which of the following statements concerning retained earnings is true?a. Retained earnings is the difference between revenues and expenses.b. Retained earnings is increased by dividends and decreased by net income.c. Retained earnings represents accumulation of the income that has not been distributed as dividends.d. Retained earnings is reported as a liability on the balance sheet.