Question
Accounting 100 1.Employees are not eligible to purchase their employers shares. True False 2. Share capital represents the amount that investors paid for the shares
Accounting 100
1.Employees are not eligible to purchase their employers shares.
True
False
2. Share capital represents the amount that investors paid for the shares when they were initially issued by the company.
True
False
3. Accumulated other comprehensive income is a revenue account reported on the statement of income.
True
False
4) Convertible preferred shares are convertible to common shares at the option of the shareholder.
True
False
5) Shares that have been sold by the company are known as issued shares.
True
False
6) Dividends are only paid in cash.
True
False
7) Stock splits do not impact the value of the share capital or retained earnings accounts.
True
False
8) The price/earnings ratio provides a measure of the return to common shareholders.
True
False
9) The shareholders equity section of the statement of financial position, includes all of the following accounts except for
a) contributed surplus.
b) accumulated OCI.
c) dividends.
d) share Capital.
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