A company credits Additional Paid-in Capital for the portion of the cash proceeds above par value received for the issuance of stock.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Which of the following is not true?
a. Gains (losses) are increases (decreases) in net assets from peripheral or incidental transactions of an entity and from other transactions and events affecting the entity except those that result from revenues (expenses) or investments by (distributions to) owners. b. Firms usually report gains and losses from sales of assets or settlements of liabilities at a net amount; that is, equal to the difference between the net asset received and the carrying value of the asset sold or between the net asset given and the carrying value of the liability settled. c. Gains and losses may arise from the remeasurement of assets and liabilities. d. Firms recognize gains and losses when they sell or exchange assets or settle liabilities in market transactions. e. Firms recognize gains and losses when those items enter the measurement of net income or other comprehensive income.
Which of the following statements is NOT true?
a. Investments rated below BBB- are known as high-quality bonds. b. Investment grade securities should include those with a bond rating of AA. c. A "fallen angel" is a bond that at one time was an investment-grade security, but whose bond ratings has subsequently dropped. d. Another colorful term for non-investment grade bonds is "junk bonds."
Control is looking ahead to see what actions should be taken to realize particular goals
Indicate whether the statement is true or false
Stock that permits a corporation to buy back the preferred stock at some future date is known as ________
A) cumulative preferred stock B) participating preferred stock C) convertible preferred stock D) redeemable preferred stock