Premium on issue of shares is shown in balance sheet as A An asset B A liability C An expense D A revenue ...

The correct answer is B A liability Explanation When a comp ...

Premium on issue of shares is shown in balance sheet as: A . . An asset

Fantastic news! We've Found the answer you've been seeking!

Question:

Premium on issue of shares is shown in balance sheet as:

.

An asset

.

A liability

.

An expense

.

A revenue

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1285190907

8th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

See More Books

Posted Date: Feb 02, 2024 02:51 AM

See More Questions

Brand ABC costs $40 to manufacture. Manufacturer margin (markup on price) was 25%, wholesaler margin (markup on price) was 20%, and retailer margin (markup on cost) was 50%. What was the final price...
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
Give the numerical coefficient and the degree of each term. 2
If a cash payments journal is supposed to save time spent writing, why are there so many entries in the Other Accounts Debit column?
Who are most likely to be victimized by a phishing expedition?
In 2014, Barker contacted Price about a van Price had advertised for sale. The advertisement described the van as a 1994 Ford E350. Barker and Price agreed to meet, and, on April 9, Barker inspected...
Illiad Inc. has decided to raise additional capital by issuing $170,000 face value of bonds with a coupon rate of 10%. In discussions with investment bankers, it was determined that to help the sale...
Use conversion algorithm to convert ER diagram to Relational Model Or All ER to relational model intermediatory conversion steps with final relational model (i.e. step 4) RUberID REmail Passwd...
This problem continues the Draper Consulting, Inc., situation from Problem 2-62 of Chapter 2. Start from the trial balance and the posted T-accounts that Draper Consulting, Inc., prepared at December...
Required: Calculate the tax payable on Buddy's dividend receipts (disregarding Medicare levy). Buddy is on the 45% marginal tax rate. He received the following dividends on 1 February 2023: $21,000,...
Describe an example of the transactional leadership style you have used or seen a manager use. How did the approach work? Did the manager have to change approaches? Explain the merits and...
Discussion Topic Discuss some of the barriers associated with listening. How do these barriers impact communication?
9. Explain what are sub-shells in shell scripting. How can sub-shells be useful. Give an example where you made use of sub-shells in assignment 3. If you did not finish assignment 3, what went wrong...
For a certain good A, if the price falls from 6 to 4, the quantity demanded rises from 8000 to 12000. (i) Calculate the price elasticity of demand by using midpoints. Explain the meaning of the value...
Why should each department participate in preparing its own budget? How much control do you think each department should have? Does your answer differ for when considering a service firm versus a...
It is an accepted truth that without risk there can be no gain. Every individual and organization must take some risks to succeed. Risk management is not about avoiding risks, but about taking risks...
The following table shows the rates of total return in successive years from 2004 to 2008 for the Sprott Canadian Equity Fund and for the benchmark Toronto Stock Exchange S&P/TSX Composite Index. By...
ARTL Company issued 3%, 10-year convertible bonds on January 1, 2013, at their par value of $500 million. Each $1,000 bond is convertible into 40 shares of ARTL's $1 par value common stock. Use the...
a. Identify the time at which Nike recognizes revenues. Does this timing of revenue recognition seem appropriate? Explain. b. Identify the cost-flow assumption(s) that Nike uses to measure cost of...
Define earnings management. Discuss why it is difficult to discern whether a firm does in fact practice earnings management?
Please reflect on and explain the role and usefulness of the concept of SD in relation to the protection of the environment.
Has the concept of SD achieved the balance between all three pillars: environmental protection; economic development; and social issues?
What, if any, is the normative content of the concept of SD?

Premium on issue of shares is shown in balance sheet as: A . . An asset

Question:

Expert Answer:

The correct answer is B A liability Explanation When a comp... View the full answer

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

Students also viewed these accounting questions