College Accounting Help?
Question:
Stated value
Par value
Market value
Legal capital
Question 11 text Question 11 2 points Save
If the entry to record the retirement of treasury stock contains a credit to a Paid-in Capital, Retirement of Stock account, it is apparent that the
a original issuance price of the shares was less than par value.
b cost of the treasury shares was less than par value.
c cost of the treasury shares was less than the original issuance price of the shares.
d cost of the treasury shares was greater than the original issuance price of the shares.
Question 12 text
According to generally accepted accounting principles, treasury stock usually should be recorded at
a par or stated value.
b original issue cost.
c cost.
Answer:
Which of the following stock terms is least like the others?
Stated value
Par value
Market value
Legal capital
The answer is MARKET VALUE. Very easy actually. All other options are connected with Stockholders equity. Market value is not necessarilly connected with Stockholders equity
If the entry to record the retirement of treasury stock contains a credit to a Paid-in Capital, Retirement of Stock account, it is apparent that the
C cost of the treasury shares was less than the original issuance price of the shares.
Just use your imagination on this one.
According to generally accepted accounting principles, treasury stock usually should be recorded at
C. Cost
The answer to the first question is Legal Capital
The answer to the second question is B the cost of the treasury shares was less than par value
the answer to the third question is C cost
Hi,
Accounting is such a tedious task, it includes a lots of calulation stuffs and everything. If you are serious on accounting,<!--I would suggest you to have a look at the below website.
http://financialaccounting.50webs.com/...
It contains almost everything about accounting,-->i hope atleast it covers the info that you need of. Hope this helps.
Thanks.
Hi,
Accounting is such a tedious task, it includes a lots of calulation stuffs and everything. If you are serious on accounting,<!--I would suggest you to have a look at the below website.
http://financialaccounting.50webs.com/...
It contains almost everything about accounting,-->i hope atleast it covers the info that you need of. Hope this helps.
Thanks.
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