The conversion of preferred stock in common stock requires

Reference no: EM13390665

The conversion of preferred stock into common stock requires that any excess of the par value of the common shares issued over the carrying amount of the preferred being converted should be

A. treated as a prior period adjustment.

B. treated as a direct reduction of retained earnings.

C. reflected currently in income as an extraordinary item.

D. reflected currently in income, but NOT as an extraordinary item.

Reference no: EM13390665

Questions Cloud

Why do auditors have to consider the internal controls of : why do auditors have to consider the internal controls of the organization? what are some key elements of internal

Respond to the given and comprise any materials requirement : space age furniture company the space age furniture company manufactures tables and cabinets to hold microwave ovens

What are the two types of audit tests what are some : what are the two types of audit tests? what are some examples of each of these two types of tests? how will the auditor

What are some factors companies and your learning team need : discuss the following question in your learning team.what are some factors companies and your learning team need to

The conversion of preferred stock in common stock requires : the conversion of preferred stock into common stock requires that any excess of the par value of the common shares

Intellectual property law is the major issue facing : intellectual property law is a major issue facing organizations and many organizations have been fined significant

The conversion of preferred stock might be recorded by : the conversion of preferred stock may be recorded by thea. market value method.b. par value method.c. book value

Detail the target market profiles key buying behaviors and : complete a market segmentation of no more than 1400 words for your buyers. be sure to include the followingdetail the

A level production strategy relies on a constant output : a level production strategy relies on a constant output rate and capacity while varying inventory and backlog levels to

User Account

All Pages