shareholders equity

What is the meaning of the net assets of a corporation

• contributed capital

• retained earnings

• shareholders equity

• legal capital

The two primary account classifications within shareholders' equity are

• preference shares and retained earnings

• par value of ordinary shares and retained earnings

• contributed capital and retained earnings

• preference shares and ordinary shares

details of each class of share capital should be reported

• on the face of statement of financial position only

• on the face of the statement of financial position or in disclosure notes

• in disclosure notes only

• on the face of the statement of comprehensive income and in disclosure notes

The corporate charter is known as

• article of incorporation

• statement of organization

• by laws

• registration statement

Characteristics of the corporate form that have led to the growth of this form of business ownership include all of the following except

• ease of raising capital

• low government regulation

• limited liability

• ease of ownership transfer

when the shares with par value are sold the excess of the proceeds over the par value is credited to

• share capital

• share premium

• retained earnings

• gain on issuance of share capital

when the shares with par without par value are sold the excess of the proceeds over the par value is credited to

• share capital

• shareholders equity

• share capital to the extent of the stated value and any excess is credited to share premium

• share premium

if shares are issued for non-cash consideration, the proceeds shall be measured by the

• fair value of the shares issued

• fair value of the non cash consideration received

• par value of the shares issued

• cost of the non cash consideration received

if shares are issued to extinguish a financial liability what is the initial measurement of the shares issued

• par value of the shares issued

• fair value of the shares issued

• fair value of the liability extinguished

• book value of the shares issued

when shares are issued for services received the least appropriate measure is equal to

• fair value of such services

• par value of shares issued

• book value of shares issued

• fair value of shares issued