Multiple Choice
Identify the
choice that best completes the statement or answers the question.
|
|
|
1.
|
Capital can be provided in the form(s)
of:
a. | Cash contributions. | b. | Contribution of tangible or intangible assets. | c. | Contribution of intellectual property. | d. | All of the above
|
|
|
|
2.
|
The IASB defines equity as the _________ interest
of the investors in the assets of the enterprise after deducting all its liabilities.
a. | Financial | b. | Insignificant | c. | Immaterial | d. | Residual |
|
|
|
3.
|
Which of the following is not a generic and
alternative legal form of organization with capital provider(s)?
a. | Sole proprietorship | b. | Association | c. | Limited
company | d. | Partnership
|
|
|
|
4.
|
Which of the following items is not a
sub-category of shareholders’ equity?
a. | Share capital | b. | Retained earnings | c. | Dividends
payable | d. | Share premium
|
|
|
|
5.
|
Which of the following is defined as: “The
part of the capital that has been actually contributed by the shareholders and is available to the
corporation”?
a. | Uncalled capital | b. | Subscribed capital | c. | Paid-in
capital | d. | Authorized capital
|
|
|
|
6.
|
What type of shares carry special
rights?
a. | Ordinary shares | b. | Right shares | c. | Special
shares | d. | Preferred shares
|
|
|
|
7.
|
Which of the following equations is
correct?
a. | Share premium = Issue price + Par
value | b. | Share premium = Issue price – Par
value | c. | Share premium = Issue price/Par
value | d. | Share premium = Issue price x Par
value |
|
|
|
8.
|
New shareholders contribute a patent value at 15
000 CU. In exchange for the property transfer of the patent, those new shareholders receive 10 000
ordinary shares with a par of 1 CU. What is recorded in the balance sheet for this issuance of
shares?
|
|
|
9.
|
Which entry is recorded in case of capitalization
of reserves?
|
|
|
10.
|
How is the market to book ratio
calculated?
a. | Book value per share/ Market price per
share | b. | Market price per share x Book value per
share | c. | Market price per share/Book value per
share | d. | Book value per share x Number of
shares |
|