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- Which of the following is true of a stock dividend? A. It is a liability. B. The decision to issue a stock dividend resides with shareholders. C. It does not affect total equity but transfers amounts between equity components. D. It creates a cash reserve for shareholders.Which of the following affects the total Shareholders’ Equity? a. Declaration of a scrip dividend b. Declaration of share split c. Appropriation of retained earnings d. Retirement of treasury sharesplease help with this Accounting type Question: Bonus shares mean shares issued to: A. Workers in lieu of their share in profit B. Existing equity shareholders C. Existing preference shareholders D. Existing equity shareholders and preference shareholders both
- Identify which category of shareholder's equity is affected by the item and briefly explain how it affected. 1. Purchase treasury shares (cost method)Dividends in arrears on preference shares are reported in the financial statements as a (an) a. liabilityb. reduction from Retained Earningsc. reduction from Retained Earningsd. expenseThe cost of dividend payable on redeemable preference shares should be included in______. Select one: a. in the statement of income after identifying profit after tax b. in the statement of income before identifying the profit before tax c. as a deduction in the statement of changes in equity d. in the statement of income as a deduction prior to identifying profit from operations
- Choose the incorrect statement below: A. Retained earnings are the funds contributed by shareholders in excess of par or stated value.B. Equity is defined as the residual interest in the assets of an entity after deducting all of the liabilities.C. Conversion of preference shares into ordinary shares directly affects retained earnings.D. The statement of changes in equity is a formal statement that shows the movements in the elements or components of the shareholders' equity.Share dividends distributed shall be reported as a note to financial statement a reduction in total shareholders' equity an addition to share capital outstanding a current liabilityA discount given to employees for the purchase of shares is recognized as a/n ____________ compensation A.asset-settled lB.iability-settled C.cash-settled D.equity-settled
- Special assessments levied on shareholders increases the total shareholders' equity and the number of shares issued and outstanding. a. True b. FalseA discount given to employees for the purchase of shares is recognized as a/n ____________ compensation. liability-settled cash-settled asset-settled equity-settledWhen a company issues a stock dividend, which of the following would be affected? Group of answer choices Total liabilities. Total assets. Earnings per share. Total shareholders' equity.