15. Which of the following would not be considered a modification of terminated debt restructuring? A) Reduction of stated interest rate B) Extension of maturity date C) Reduction of face amount of the debt but continuing to have to pay on the D) Transfer of non-cash assets to pay off the entire debt balance n dro 16. How should the costs of issuing common stock (ie, underwriters, etc. be the balance sheet? A) As a debit in the asset section B) As an offset to bonds payable C) As a reduction of additional paid in capital D) None of the above 17. When a company declares a large stock dividend it should be recorded at: A) Fair value B) No entry should be recorded C) Par D) None of the above 18. Which type of dividend will NOT result in a debit to retained earnings? A) Property B) Stock C) Cash D) All dividends result in a debit to retained earnings 19. Which of the following dividends does not decrease total stockholder's equity? A) Property B) Liquidating C) Stock D) Cash 20. When a company issues stock in a noncash transaction, which value should be used to record the transaction (select the best answer)? A) Fair value of the stock issued 8) Fair value of the noncash consideration received C) Either Alor B), whichever is more clearly determinable 21. In a stock spilt, the company needs to increase the par value and increase the number shares outstanding A) True B) False 22 The purchase of treasury stock must be accounted for using the par value method. A) True B) False 23. What is a reason that a company might purchase back some of their own stock? A) To increase earnings per share B) To provide for employee stock compensation/option contracts C) To thwart take over attempts D) All of the above 24. If a loss range is estimated related to a los contingency and no amount in the range is more likely than any other amount, IFRS would require a company to record the A) Midpoint B) Low end C) High end D) None of the above 25. Under IFRS, bond issue costs are recorded as an asset A) True B) False