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

Q: The principle of conservatism is concerned with Oa. the company's procedures for recording…

A: conservatism principle is one of the basic principle of accounting that provides guidance on how…

Q: Which of the following is classified as current non-trade receivabke? A. Advances to affiliates B.…

A: Solution : Which of the following is classified as current non-trade receivable? A. Advances to…

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A: Accounts Receivable (AR) seem to be the revenues or payments received by the firm from consumers who…

Q: Funds available to corporate issuers of commercial paper come from which market? O A. capital O B.…

A: Commercial paper is a short term source of debt for a company

Q: All institutions and procedures for bringing buyers and sellers of shares, debentures, bonds,…

A: Financial market means the market where buyer and seller of securities meet.

Q: Presented below are the captions of Nikos SpA's statement of financial position. Indicate where each…

A: The balance sheet is the statement of financial position of the business. The assets are classified…

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A:

Q: & Prepare joarnal entries to record the transartions uing the memorandum method. Present thhe…

A: S.no. Particulars Debit  Credit 1.  No entry      2. Cash     Ordinary shares capital     Share…

Q: Access the FASB Accounting Standards Codification at the FASB website (asc.fasb.org). Determine the…

A:

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A: Accounts Receivable refers to the amount owed by the customers to a business for purchase of goods…

Q: Trading securities, by definition, are properly classified in the statement of financial position…

A: Statement of financial position is also known as balance sheet, which is prepared at the year-end to…

Q: In what section of the balance sheet should the following items appear, and what balance sheet…

A: Balance sheet: This financial statement reports a company’s resources (assets) and claims of…

Q: Which of the following statements is TRUE regarding the equity method?    A. The equity method is…

A: The investor's equity in the associate adjusts in direct connection to the adjustments in the…

Q: nd the use/s of Stakeholder Analysis. provide (Name, Year) or credits to where credit

A: When it involves any structure project, all of the interior folks and groups United Nations agency…

Q: share dividends distributable account balance

A: Share dividends distributable account balance is the amount of share dividends declared and still…

Q: Income Statement and Balance Sheet. Complete the per share data in the balance sheet.

A: earning per share = net income - preferred dividend / weighted average no of common shares…

Q: Which of the following financial instruments gives a creditor relationship with the company? a.…

A: The term stock i.e. either equity (common stock) and preferred stock refers to ownership or equity…

Q: Which of the following dates where no necessary journal entry will be recorded in accounting for…

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Q: Share dividends distributable should be classified on the O income statement as an expense.…

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Q: Flowserve converted bonds to common stock. What section in he cash flow statement would this…

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Q: The date on which liability for dividends must be recorded. *         a. Date of payment       b.…

A: Dividend chronology is as follows.  First : Dividend is declared in Annual General meeting. And…

Q: The date on which liability for dividends must be recorded.  a. Date of record b.Date of issuance c.…

A: Dividend are appropriation of general reserves.

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A: Earnings per share: Earnings per share represent the amount of income earned per share of…

Q: The costs of legal, promotional, and accounting services necessary to effect the sale of shares are…

A: Share issue cost: Cost such as legal fee, promotional charge, and accounting services incurred for…

Q: The balance sheet reports the balances of shareholders’ equity accounts. What additional information…

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Q: A major difference between IFRS and GAAP relates to the Revaluation surplus account. Retained…

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Q: Which of the following ratios is used by the company to determine its ability to pay currently…

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A: Investment in stock for significant influence: The investments in stock securities which claim…

Q: 1. Total receivables will remain unchanged for which of the following? a) Notes receivable…

A: Hi student Since there are two multiple questions, we will answer only first question.

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A: Accounts are classified as: Assets accounts Liabilities accounts Owner's capital accounts Expenses…

Q: hich of the following should be recorded in Accounts Receivable? Group of answer choices Receivables…

A: Accounts Receivable means the amount to be received from customers in respect of sales effected or…

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A: Financing activities includes the activities by which funds were raised by the company by way of…

Q: Under What heads of the balance sheet will you classify the followings:1) Proposed Dividends2)…

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Q: In the balance sheet, the account Discount on Bonds Payable is Group of answer choices added to…

A: The amount that a company received for bond less than the par value of bond is known as discount on…