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ch15.doc-CHAPTER 15 STOCKHOLDERS’ EQUITY IFRS ques...
ch15.doc-CHAPTER 15 STOCKHOLDERS’ EQUITY IFRS questions
ch15.doc-CHAPTER 15 STOCKHOLDERS’ E...
ch15.doc-CHAPTER 15 STOCKHOLDERS’ EQUITY IFRS questions
Page 3
Stockholders’ Equity
MULTIPLE CHOICE
—Computational
(cont.)
Answer
No.
Description
d
78.
Computing paid-in capital from treasury stock transactions.
d
79.
Recording purchase of treasury stock.
b
80.
Reissue treasury stock—above acquisition cost.
c
81.
Reissue treasury stock—cost method.
c
82.
Additional paid-in capital with treasury stock transactions.
d
83.
Calculation of additional paid-in capital.
c
84.
Calculation of additional paid-in capital.
a
85.
Total stockholders' equity with treasury stock transactions.
c
86.
Total stockholders' equity with treasury stock exchange.
c
87.
Calculate dividends for cumulative preferred shares.
a
88.
Calculate dividends for common shares.
a
89.
Calculate dividends for common shares.
c
90.
Reduction in retained earnings from property dividends.
d
91.
Reduction in retained earnings from property dividends.
b
92.
Reduction in retained earnings caused by a property dividend.
d
93.
Reduction in retained earnings from property dividends.
d
94.
Reduction in retained earnings from property dividends.
a
95.
Decrease in retained earnings from cash and stock dividends.
c
96.
Calculation of a large stock dividend.
a
97.
Calculation of a small stock dividend.
b
98.
Calculation of a small stock dividend.
b
99.
Small stock dividend's effect on retained earnings.
b
100.
Balance of retained earnings after a small stock dividend.
a
101.
Calculate retained earnings available for dividends.
a
102.
Calculate decrease in retained earnings.
c
103.
Calculate the payout ratio.
a
104.
Calculate book value per share.
d
105.
Use same descrip. as 101.
d
106.
Use same descrip. as 102.
c
107.
Calculate rate of return on common stock equity.
c
108.
Calculate price-earnings ratio.
a
109.
Calculate dividends paid to common stockholders.
b
110.
Rate of return on common stock equity.
c
111.
Determine the rate of return on common stock equity.
a
112.
Determine book value per share.
b
113.
Computation of payout ratio.
b
114.
Computation of book value per share.
b
*115.
Allocation of cash dividend to common and preferred shares.
d
*116.
Cash dividends for cumulative preferred shares.
b
*117.
Cash dividends for cumulative participating preferred shares.
c
*118.
Cash dividend allocation with participating preferred shares.
b
*119.
Cash dividend for cumulative preferred shares.
15 - 3
Page 4
Test Bank for Intermediate Accounting, Thirteenth Edition
MULTIPLE CHOICE
—CPA Adapted
Answer
No.
Description
d
120.
Capital stock issued in payment of services.
b
121.
Proceeds from preferred stock in lump sum issue.
c
122.
Determine paid-in capital from treasury stock.
b
123.
Reissue treasury stock—cost method.
c
124.
Effect of the reissuance of treasury stock.
d
125.
Entry to record property dividends declared.
b
126.
Effect of a liquidating dividend.
d
127.
Effect of a stock dividend.
d
128.
Stock dividend when market price exceeds par value.
a
129.
Balance of retained earnings following stock dividend.
c
*130.
Allocation of cash dividend to common and preferred shares.
EXERCISES
Item
Description
E15-131
Lump sum issuance of stock.
E15-132
Treasury stock.
E15-133
Treasury stock.
E15-134
Treasury stock.
E15-135
Treasury stock.
E15-136
Stockholders’ equity.
E15-137
Stock dividends.
E15-138
Stock dividends and stock splits.
E15-139
Computation of selected ratios.
*E15-140
Dividends on preferred stock.
*E15-141
Dividends on preferred stock.
PROBLEMS
Item
Description
P15-142
Equity transactions.
P15-143
Treasury stock transactions.
P15-144
Stock dividends.
P15-145
Equity transactions.
*P15-146
Dividends on preferred and common stock.
15 - 4
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