That portion of the share capital which cannot be called-up except on the winding up is known as A) Called-up Capital B) Paid-up Capital C) Authorised Capital D) Reserve Capital
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- Under IFRS, the amount of capital received in excess of par value would be credited to: a. Retained Earnings. b. Contributed Capital. c. Share Premium. d. Par value is not used under IFRS.Explain the accounting for share capital issued for non-cash consideration.Compare authorized share capital with subscribed share capital.
- Which of the following accounting methods is used to account for controlling interest investments? A. cost method B. discounted cash flow method C. consolidation method D. acquisition methoAnswer the following questions correctly. 1.Explain the accounting for the issuance of: a. Par value share b. No-par value share 2. Explain the accounting for share capital issued for noncash considerationsHow should the excess of subscription price over the value of ordinary shares subscribed be recorded as additional paid-in capital when the share capital is issued as additional paid-in capital when the subscription is received as additional paid-in capital when the subscription is collected as retained earnings when the subscription is received
- What amount should be reported as share capital?rdinary share capitalOrdinary share capitalWhich of the following items would not form part of the shareholders' equity of a company on the statement of financial position? Select one: a. Retained profits b. Trade payables c. Share premium d. Ordinary share capitalWhen collectability is reasonably assured, the excess of the subscription price over the statedvalue of the no-par subscribed share capital shall be recorded asa. No share capitalb. Share premium when the subscription is recordedc. Share premium when the subscription is collectedd. Share premium when the share capital is issued
- Explain the difference between the proportional methodand the incremental method of allocating the proceeds oflump-sum sales of capital stock.A share capital previously issued and subsequently acquired back * Choices; Ordinary share capital. Treasury share capital Participating preference share capital Promotion share capital.Which of the following costs of a business combination can be deducted from the value assigned to paid-in capital in excess of par? a. Direct and indirect acquisition costs. b. Direct acquisition costs. c. Direct acquisition costs and stock issue costs if stock is issued as consideration. d. Stock issue costs if stock is issued as consideration.