Issue of shares Forfeiture and Reissue of Shares ►If a shareholder fails to make the required payment due, the amount already paid on the shares is not refundable, then it is considered as forfeiture of shares The shares forfeited may be reissued ▶ The forfeited shares may be reissued at a minimum price equivalent to the unpaid amount. Any amount received in excess of the unpaid amount will be credited to the share capital account
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This is talking about equity, what is the slide talking about? I don't understand.
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- When a company requests a further payment from shareholders of the unpaid amounts on their shares, it: Select one: A. makes a call on the shares. B. converts the shares into debentures. C. forfeits the shares. D. makes a further allotment of those shares.1. The pre-emptive right of a common stockholder is the right to Choices; share proportionately in corporate assets upon liquidation. share proportionately in any new issues of stock of the same class. receive cash dividends before they are distributed to preferred stockholders. exclude preferred stockholders from voting rights. 2. In computing diluted earnings per share, interest expense on convertible bond payable should be Choices ignored Added back to net income net of tax Added back to net income at gross Deducted from net income net of tax Clear selection12. When a company retires its own common shares, the company must a.decrease the common share account balances by the original issue price. b.record a gain or loss depending on the difference between original selling price and repurchase cost. c.get the approval of the government to do so. d.issue a different class of shares to the former shareholders.
- Sale of treasury shares at less than cost shall be charged to * a. Loss on sale of treasury shares to be reported as other expense b. Retained earnings and then additional paid in capital from treasury share transactions c. Additional paid in capital from treasury share transactions and then retained earnings d. Share premium from original issuance, additional paid in capital from treasury share transactions and then retained earningsIf a company resells treasury stock at a loss, and that amount exceeds any balance in the treasury stock APIC account, the remaining loss is debited to: Group of answer choices Additional Paid in Capital (APIC) -Common Stock Treasury stock cannot be sold at a loss Retained earnings Loss on sale of treasury stockAt the date of financial statements, ordinary shares issued would exceed ordinary shares outstanding as a result of the a declaration of share bonus b payment in full of subscribed shares c purchase of treasury shares d. declaration of a share split Quasi-reorganization effected thru revaluation of Property, plant and equipment a.eliminates the deficit by applying the revaluation surplus only up to the extent of the deficit b.eliminates the deficit by applying the share premium balance of a class of share only up to the extent of the deficit. c.eliminates the deficit up to the value of the revaluation surplus d.eliminates the deficit up to the value of the share premium from a class of share.
- What does a violation of preference shares' restrictive covenants usually permit preference shareholders to do to correct the violation? O Sell their shares. O Force the retirement of the preference shares at or above its par value. O Force the company into bankruptcy. O Force a company to repurchase the shares at a stated amount below par.Which statement is incorrect regarding equity-settled share-based payment transactions? A. the issuance of shares to employees with say, a two year vesting period is considered to relate to services over the vesting period. B. the issuance of shares or rights to shares requires an increase in a component of equity C. the fair value of a share-based payment transaction is determined at the date of exercise. D. the issuance of fully vested shares, or rights to shares, is presumed to relate to past service, requiring the full amount of the grant-date fair value to be expensed immediately. Provided the specified vesting conditions, if any, are met, share-based payment arrangement is an agreement between the entity and another party that entities the other party to receive A. equity instruments of the entity or another group entity B. none of the choices C. receives goods or services from the supplier of those goods or services in a…1.Which statement is incorrect? * a. On repurchase of treasury shares, no gain or loss is recognized. The purchase price would become the cost of treasury shares. b. On reissuance of treasury shares, the difference between the cost and reissue price of treasury shares is debited or credited to share premium rather than to profit or loss. c. If treasury shares are retired above par, the difference between the cost and the par value is automatically charged to retained earnings. d. Treasury shares can be subjected to share split and can be re-issued as share dividends. e. none of the above 2. Which statement is incorrect? a. Dividends out of retained earnings is limited to the balance of unappropriated retained earnings, except for share dividends. b. Cash dividends are paid on the basis of the number of shares issued less the number of treasury shares. c. Property dividends payable shall be measured based on fair value of the property on the date of declaration, reporting and…
- Which of the following is incorrect? * Reacquisition of treasury shares decreases total shareholder's equity. Reissuance of treasury shares increases total shareholder's equity. Reacquisition and reissuance of treasury shares both affect the share capital. None of the above is incorrect. When treasury shares are reissued below the reacquisition cost, the difference between the reissuance price and the cost is debited to the following order of priority: * (1) Share Premium – Treasury Shares; (2) Treasury Shares (1) Share Premium – Treasury Shares; (2) Retained Earnings (1) Retained Earnings; (2) Share Premium – Treasury Shares O (1) Treasury Shares; (2) Retained EarningsWhich of the following transactions DOES NOT require any postings to the ledger? O Authorization of share capital under the memorandum entry method O Reversal of appropriation for contingencies Sale of donated shares under the cost method O Reacquisition of shares from delinquent subscription when there is no bidderIf a company chooses to purchase its own shares and then either (1) retires the repurchased shares and issues additional shares, or (2) resells the repurchased shares, can a gain or loss be recognized by the company? Why or why not?