1.X approved a five for one share split and an increase in authorized shares form 100,000 shares with 20 par value to 500,000 shares with 4 par value. the shareholders equity account immediately before the split shares were share capital 3,000,000 share premium 300,000 and retained earnings 1,500,000. what is the balance of the retained earning after recapitalization?

1,500,000

3,100,000

3,000,000

3,300,000

2.The cost resulted from the difference between the benefit provided for the termination of employment at the request of the employee and a higher benefit provided at the request of the entity is considered as

Short term employee benefits

termination benefits

_________ put answer

X issued 10,000 ordinary shares of 50 par value and 20,000 convertible share of 20 par value for a total of 1,000,000. at this date, the ordinary share was selling for 55. what amount of the proceeds should be allocated to ordinary share?

500,000

400,000

450,000

550,000

Financial assumptions deals with the following except

Future salary

future taxes payable

Discount rate

Proportion of plan members eligible for benefit