Question 16

At the beginning of the current year, Ria company issued 10,000 ordinary shares of P20 par value and 20,000 convertible preference shares of P20
Correct
par value for a total of P800,000.
Mark 1.00 out of
1.00 At this date, the ordinary share was selling for P36, and the convertible preference share was selling for P27.
What is the share premium from the issuance of ordinary shares?

Select one:
a. 160,000

b. 0

c. 200,000

d. 
120,000

Your answer is correct.

Question 17 An entry is not made on the

Correct

Mark 1.00 out of Select one:

1.00 a. 
date of record.

b. date of declaration.

c.
An entry is made on all of these dates.

d. date of payment.

Your answer is correct.

Question 18
Which dividends do not reduce stockholders' equity?
Correct

Mark 1.00 out of

1.00
Select one:
a. Cash dividends

b. Stock dividends 

c. Property dividends

d. Liquidating dividends

Your answer is correct.