Financial Statements Paper 18

F Co. declares a 5% stock dividend. If the market price at declaration is $12 per share, a shareholder with 110 shares likely would receive:

Which of the terms or phrases listed below is more associated with financial statements prepared in accordance with U.S. GAAP than with International Financial Reporting Standards?

Heidi Aurora Imports applies International Financial Reporting Standards. The company issued shares of the company’s Class B stock. Heidi Aurora Imports should report the stock in the company’s statement of financial position:

Mandatorily redeemable preferred stock (preference shares) is reported as debt, with the dividends reported in the income statement as interest expense, using:

Revenue and expense items and components of other comprehensive income can be reported in a single statement of comprehensive income using:

Which of the following statements is true with regard to preferred stock (preference shares)?

Under IFRS, components of other comprehensive income:

Diversified Systems, Inc., reports consolidated financial statements this year in place of statements of individual companies reported in previous years. This results in:

Z Company acquired a subsidiary several years ago that was appropriately excluded from consolidation last year. This year Z has consolidated the subsidiary in its financial statements. This results in:

Which of the following is not a change in reporting entity?