Bonds for which the owners' names are not registered with the...
The conversion of bonds is most commonly recorded by the
When the effective-interest method is used to amortize bond premium or...
If a company chooses the fair value option, a decrease in the fair...
Which of the following represents the total number of shares that a...
If bonds are issued initially at a premium and the effective-interest...
The interest rate written in the terms of the bond indenture is known...
Fox Co. issued $100,000 of ten-year, 10% bonds that pay interest...
Early extinguishment of bonds payable, which were originally issued at...
A primary source of stockholders' equity is
Which of the following is not a characteristic of a noncompensatory...
Dilutive convertible securities must be used in the computation of
The debt to assets ratio is computed by dividing
Which one of the following disclosures should be made in the equity...
Theoretically, the costs of issuing bonds could be
An example of an item which is not a liability is
Treasury shares are shares
Which of the following features of preferred stock makes it more like...
At the date of the financial statements, common stock shares issued...
In the diluted earnings per share computation, the treasury stock...
Common stockholders of a business enterprise are said to be the...
How should a "gain" from the sale of treasury stock be...
An entry is not made on the
Quirk Corporation issued a 100% stock dividend of its common stock...
The rate of return on common stock equity is calculated by dividing
Reich, Inc. issued bonds with a maturity amount of $200,000 and a...
Convertible bonds
If a company offers additional considerations to convertible...
Corporations issue convertible debt for two main reasons. One is the...
The conversion of preferred stock into common stock requires that any...
When the interest payment dates of a bond are May 1 and November 1,...
"In-substance defeasance" is a term used to refer to an...
A debt instrument with no ready market is exchanged for property whose...
Note disclosures for long-term debt generally include all of the...
Total stockholders' equity represents
Stock that has a fixed per-share amount printed on each stock...
Cumulative preferred dividends in arrears should be shown in a...
In computations of weighted average of shares outstanding, when a...
Which of the following must be disclosed relative to long-term debt...
What effect does the issuance of a 2-for-1 stock split have on each of...
The accounting problem in a lump sum issuance is the allocation of...
The cumulative feature of preferred stock
A dividend which is a return to stockholders of a portion of their...
When convertible debt is retired by the issuer, any material...
If bonds are initially sold at a discount and the straight-line method...
If bonds are issued between interest dates, the entry on the books of...
Proceeds from an issue of debt securities having stock warrants should...
Stock warrants outstanding should be classified as
A corporation issues bonds with detachable warrants. The amount to be...
The date on which to measure the compensation element in a stock...
Which of the following is an advantage of a restricted-stock plan?
In computing earnings per share for a simple capital structure, if the...
When computing diluted earnings per share, convertible bonds are
The times interest earned ratio is computed by dividing
The term used for bonds that are unsecured as to principal is
The residual interest in a corporation belongs to the
Bonds that pay no interest unless the issuing company is profitable...
Gains on sales of treasury stock (using the cost method) should be...
If management wishes to "capitalize" part of the earnings,...
The balance in Common Stock Dividend Distributable should be reported...
A feature common to both stock splits and stock dividends is
The major difference between convertible debt and stock warrants is...
Which of the following is not a characteristic of a noncompensatory...
The generally accepted method of accounting for gains or losses from...
When a note payable is exchanged for property, goods, or services, the...
The pre-emptive right of a common stockholder is the right to
In a corporate form of business organization, legal capital is best...
Stockholders' equity is generally classified into two major...
A mining company declared a liquidating dividend. The journal entry to...
The covenants and other terms of the agreement between the issuer of...
Which of the following best describes a possible result of treasury...
According to the FASB, redeemable preferred stock should be
Cash dividends are paid on the basis of the number of shares
Under the effective-interest method of bond discount or premium...
The conversion of preferred stock is recorded by the
Treasury bonds should be shown on the balance sheet as
Compensation expense resulting from a compensatory stock option plan...
A corporation borrowed money from a bank to build a building. The...
A project financing arrangement refers to:
A company uses income from continuing operations to determine whether...
The distribution of stock rights to existing common stockholders will...
Direct costs incurred to sell stock such as underwriting costs should...
Fox Co. issued $100,000 of ten-year, 10% bonds that pay interest...
With respect to the computation of earnings per share, which of the...
Long-term debt that matures within one year and is to be converted...
In applying the treasury stock method to determine the dilutive effect...
A convertible bond issue should be included in the diluted earnings...
Which of the following is not a legal restriction related to profit...
Porter Corp. purchased its own par value stock on January 1, 2014 for...
Houser Corporation owns 4,000,000 shares of stock in Baha Corporation....
Which of the following arguments is presented by FASB to explain why a...
When a business enterprise enters into what is referred to as...
A "secret reserve" will be created if
The declaration and issuance of a stock dividend larger than 25% of...
Younger Company has outstanding both common stock and...
The printing costs and legal fees associated with the issuance of...
Due to the importance of earnings per share information, it is...
When a corporation issues its capital stock in payment for services,...
When treasury stock is purchased for more than the par value of the...
Which dividends do not reduce stockholders' equity?
In January 2014, Finley Corporation, a newly formed company, issued...
Assume common stock is the only class of stock outstanding in the...
In computing earnings per share, the equivalent number of shares of...
When the cash proceeds from a bond issued with detachable stock...
What effect will the acquisition of treasury stock have on...
The pre-emptive right enables a stockholder to
Which of the following statements about property dividends is not...
Antidilutive securities
The payout ratio can be calculated by dividing
The issuer of a 5% common stock dividend to common stockholders should...
At the date of declaration of a small common stock dividend, the entry...