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Accounting Expert Answers & Study Resources : Page 203

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10) Below are details relating to balances for the equity accounts of Isha Company, and changes to those balances. Note that AOCI is accumulated other comprehensive income. Balance or changes                       Amount ($000's) Common stock, 2011, Jan 150,000 Unappropriated retained earnings, 2011, Jan 139,000 Appropriated retained earnings for sinking fund reserve, 2011, Jan 1              3,200 AOCI from.

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  • 10) Below details relating to balances for the equity accounts
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8) Which transaction would not affect retained earnings? Issue preferred shares1,500,500 Issue common shares2,300,000 Declare dividends on common shares100,500 Stock split400,000 Skipping dividend payment on preferred shares200,000 9) When shares are repurchased at an amount different from their original issue price, then held in treasury or cancelled, will the journal entry affect the following components? Share capital Contributed.

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  • 8) Which transaction would not affect retained earnings? Issue preferred shares1,500,500 Issue
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12.5   Learning Objective 5 1) Which standard does not need to be considered when considering the disclosure and presentation of non-current liabilities? A) IAS 1, Presentation of Financial Statements B) IAS 36, Impairment C) IFRS 7, Financial Instruments: Disclosures D) IAS 39, Financial Instruments: Recognition and Measurement 2) Sarah Braun is the owner of Sarah's Shameless.

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  • 12.5   Learning Objective 5 1) Which standard does not need to
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14) The following is an extract from the balance sheet as at December 31, 1011: Preferred shares, $10 per share non-cumulative dividend, redeemable$525,000 at $15 per share, 250,000 authorized, 25,000 issued and outstanding Common stock, 60,000,000 authorized, 6,000,000 issued and outstanding              6,019,233 Contributed surplus—preferred shares from repurchase and resales150,000 Retained earnings9,281,092 The company did not declare.

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  • 14) The following an extract from the balance sheet as
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12.3   Learning Objective 3 1) How should non-current financial liabilities be recorded initially? A) At face value. B) At fair value. C) At fair value less transactions costs. D) At face value less transactions costs. 2) Non-current debt instruments exchanged for assets are recognized at: A) book value. B) fair value. C) cash paid. D) cash equivalents paid. 3) What is.

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  • 12.3   Learning Objective 3 1) How should non-current financial liabilities be
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8) Below are details relating to balances for the equity accounts of Cauvet Company, and changes to those balances. Note that AOCI is accumulated other comprehensive income. Balance or changesAmount ($000's) Common stock, 2011, Jan 170,000 Unappropriated retained earnings, 2011, Jan 1139,000 Appropriated retained earnings for sinking fund reserve, 2011, Jan 1              3,200 AOCI from.

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  • 8) Below details relating to balances for the equity accounts
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13.2   Learning Objective 2 1) What kind of transaction is "appropriated reserves"? A) An example of "contributed surplus." B) An example of a transaction with owners. C) An example of a "contributed capital." D) An example of a transaction with non-owners. 2) What kind of transaction is "appropriated reserves"? A) An example of "par value" preferred shares. B).

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  • 13.2   Learning Objective 2 1) What kind of transaction "appropriated reserves"? A)
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14.1   Learning Objective 1 1) Which of the following is correct about financial instruments? A) Accounting for financial instruments has been consistent. B) There is no economic substance to financial instruments. C) They are often designed to circumvent accounting standards. D) All financial instruments are accounted for at fair value. 2) Which statement is correct about.

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  • 14.1   Learning Objective 1 1) Which of the following correct about
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18) Which is an example of "contributed capital"? A) Retained earnings. B) Preferred shares. C) Other comprehensive income. D) Accumulated other comprehensive income. 19) Which is an example of "contributed capital"? A) Appropriated reserves. B) Unappropriated retained earnings. C) Common shares. D) Accumulated other comprehensive income. 20) In which account would "transactions with owners" be reported? A) Appropriated reserves. B) Unappropriated retained.

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  • 18) Which an example of "contributed capital"? A) Retained earnings. B) Preferred
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4) Here is an extract of a trial balance for Lipika Inc. Indicate which accounts would be reported under the "retained earnings" section of the balance sheet. Investment in common shares of XPedious Corp              104,560 Preferred shares135,000 Treasury shares10,000 Other comprehensive income45,000 Accumulated other comprehensive income67,500 Bonds payable101,400 Unappropriated retained earnings90,000 Provision for doubtful accounts35,500 Appropriated retained earnings8,500 5) Here.

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  • 4) Here an extract of a trial balance for Lipika
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15) There are three independent situations summarized below. In all three cases the bonds are sold on January 1, 2011 and the issuing company has a December 31 year-end. In situation three, the bonds were all repurchased at par on January 1, 2015. Situation 1Situation 2Situation 3 Face value30,000,00015,000,00030,000,000 Coupon rate12%12%12% Coupon dates6/30; 12/3112/3112/31 Market.

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  • 15) There three independent situations summarized below. In all three
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6) Here is an extract of a trial balance for Masterious Ltd. Indicate which are examples of transactions with non-owners. Investment in common shares of XPedious Corp              104,560 Preferred shares135,000 Common shares100,000 Treasury shares10,000 Contributed surplus—preferred shares5,000 Other comprehensive income45,000 Accumulated other comprehensive income67,500 Bonds payable101,400 Unappropriated retained earnings90,000 Provision for doubtful accounts35,500 Appropriated retained earnings8,500 7) Here is an extract of.

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  • 6) Here an extract of a trial balance for Masterious
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12) The following is an extract from the balance sheet as at December 31, 1011: Preferred shares, $4 per share non-cumulative dividend, redeemable $125,000 at $6 per share, 250,000 authorized, 25,000 issued and outstanding Common stock, 60,000,000 authorized, 6,000,000 issued and outstanding              6,019,233 Contributed surplus—preferred shares from repurchase and resales50,000 Retained earnings     9,281,092 Total shareholders' equity$15,475,325 The.

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  • 12) The following an extract from the balance sheet as
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