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Capital Surplus and Additional Paid-In Capital Quiz

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Capital Surplus and Additional Paid-In Capital Quiz

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Questions and Answers

What does capital surplus represent on a corporation's balance sheet?

Amount raised on the issue of shares in excess of their par value (correct)

Dividends paid to shareholders

Retained earnings of the corporation

Total assets of the corporation

In US GAAP terminology, what is the equivalent term for 'share premium'?

Dividend yield

Additional paid in capital (correct)

Common stock

Retained earnings

What does 'additional paid in capital' include, according to the text?

Tax related and conversion related adjustments (correct)

Retained earnings from previous years

Dividend payments to shareholders

Operating expenses of the corporation

When will shares with no par value generally not have any form of capital surplus on the balance sheet?

<p>All funds from issuing shares will be credited to common stock issued</p> Signup and view all the answers

What triggers a capital surplus on a corporation's balance sheet?

<p>Issue of shares in excess of their par value</p> Signup and view all the answers

Capital Surplus and Additional Paid-In Capital Quiz

Choose a study mode

Podcast

Questions and Answers

What does capital surplus represent on a corporation's balance sheet?

In US GAAP terminology, what is the equivalent term for 'share premium'?

What does 'additional paid in capital' include, according to the text?

When will shares with no par value generally not have any form of capital surplus on the balance sheet?

What triggers a capital surplus on a corporation's balance sheet?

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