Issuing new shares of common stock will
a. decrease common stock.
b. increase retained earnings.
c. increase common stock.
d. decrease retained earnings.
Answer: C
Learn More :
Accounting 2000 Chapter 2
- A company can change to a new method of accounting if management can justify that the new method results in terms of
- Under IFRS, what is the label used for common stock?
- Under IFRS, which of the following current assets section would be presented correctly in accordance with IFRS standards?
- What is the primary criterion by which accounting information can be judged?
- An item is ________ if it is likely to influence the decision of an investor or creditor.
- Which of the following are constraints that allow a company to modify generally accepted accounting principles without jeopardizing the usefulness of the financial statements?
- Which of the following is not a fundamental quality of useful accounting information?
- Which of the following is not a characteristic of relevance?
- What are generally accepted accounting principles?
- For what purpose might a company use free cash flow?
- What is measured by current assets minus current liabilities?
- Which of these measures is an evaluation of a company's ability to pay current liabilities?
- Which statement is used by most corporations instead of the retained earnings statement?
- Which of the following is the correct order for listing current assets on the balance sheet?
- The correct order of presentation in a classified balance sheet for the following current assets is
- T/F Current assets are economic resources that are expected to be converted to cash or used up by the business within one year or the normal operating cycle, whichever is shorter.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.