9- Which of the following accounts includes securities acquired for long-term purposes and capital shares acquired for the purpose of becoming a partner in another business ? a) 23 Other Receivables Account Group B) 24 Financial Fixed Assets Account Group NS) 13 Other Receivables Account Group D) 12 Trade Receivables Account Group

9- Which of the following accounts includes securities acquired for long-term purposes and capital shares acquired for the purpose of becoming a partner in another business ? a) 23 Other Receivables Account Group B) 24 Financial Fixed Assets Account Group NS) 13 Other Receivables Account Group D) 12 Trade Receivables Account Group

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 15MC: Stockholders equity consists of which of the following? A. bonds payable B. retained earnings and...

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18 - Which of the following accounts includes securities acquired for long-term purposes and capital shares acquired for the purpose of becoming a partner in another business ? a) 12 Trade Receivables Account Group B) 23 Other Receivables Account Group NS) 22 Trade Receivables Account Group D) 13 Other Receivables Account Group TO) 24 Financial Fixed Assets Account Group
Which one of the following journal entries is correct when payment for share issue expenses are made? Select one: a. Debit: Share issue expense; Credit: Bank b. Debit: Trade payables; Credit: Bank c. Debit: Bank; Credit: Trade payables d. Debit: Bank; Credit: Share- issue expense
20- Which of the following Institutions are compensated via commission after the transaction has been successfully completed for buying or selling securities? a. Brokerages b. Investment Company c. Insurance Companies d. Savings and Loans Association
20. Which of the following types of financial assets represents a creditor relationship with an entity? A. Stock B. Savings C. Fixed Deposits D. Bonds
Which of the following financial instruments gives a creditor relationship with the company? a. Preferred Stocks b. Bonds c. Receivables d. Common stocks
11) QBG Geojit Securities LLC, licensed by the Capital Market Authority as a Financial Intermediary buying securities from issuing companies and issue to public. What is the “process”called in financial system? a. Direct process b. All c. Factoring process d. Intermediary Process
19 - In which group are the liabilities of the company with and without bill arising from relations with third parties due to commercial activities in the balance sheet?A) Financial Liabilities B) Other Short Term Foreign SourceC) Trade Payables D) Other Payables E) Equity
Presented below are the captions of Nikos SpA's statement of financial position. Indicate where each of the following items would be classified. Statement of Financial Position Accounts Statement of Financial Position Classification 1. Share capital-preference. 2. Goodwill. 3. Salaries and wages payable. 4. Accounts payable. 5. Buildings. 6. Trading securities. 7. Current portion of long-term debt. 8. Patents. 9. Allowance for doubtful accounts. 10. Accounts receivable. > > > > > > >
Question Content Area Which of the following entries journalizes the issuance of common stock? a.debit Fees Earned; credit Common Stock b.debit Common Stock; credit Accounts Receivable c.debit Cash; credit Common Stock d.debit Dividends; credit Cash
13. Investments in equity instruments are financial assets because they are Group of answer choices Contractual rights to receive cash or another financial asset from another entity. Cash equivalents. Contractual rights to exchange financial assets or financial liabilities with another entity under conditions that are potentially favorable to the entity. Equity instruments of another entity.
Stockholders equity consists of which of the following? A. bonds payable B. retained earnings and accounts receivable C. retained earnings and paid-in capital D. discounts and premiums on bond payable
4.3 Which of the following will constitute a line item in a close corporation’s statement of members’ net investment? A Member’s contributions B Revaluation surplus / reserve C Loans from members D Current accounts