6.Which of the following accounts is not like the others? a)Share Premium b)Retained Earnings c)Ordinary Shares d)Subscribed Ordinary Shares

7.Which of the following accounts classification is not like the others? A.Salaries Payable B.Subscription Receivable C.Share Dividends Payable D.Retained Earnings

8.Which of the following situations in declaring small share dividends the shares will be measured using the fair market values? a.Do not use fair values; always use par value of the Ordinary Shares. b.P12 fair value per Ordinary share for P5 par-value Ordinary Share. c.P10 par value will be used even when P25 fair value per Ordinary Share is known. d.P15 fair market value will be used for P20 par value Ordinary Shares.

9.Which of the following statements is correct? a.Declaring 10% share dividend will cause Share Premium not change when the fair values of the new shares are lower than its par value. b.Declaring 2-for-1 share split will cause Share Premium to increase. c.Declaring 100% share dividend will cause Share Premium to increase. d.Declaring 2-for-1 share split will cause Share Premium to decrease.

10.ABC Corporation has 100,000 ordinary shares authorized, 50,000 shares issued and 45,000 shares outstanding. When the board of directors declare a 10% share dividends, this is based on A.5,000 Treasury shares. B.45,000 shares outstanding. C.100,000 shares authorized. D.50,000 shares issued.