Int. Accounting (Misc. for Exam 1)

Carried at the par or stated value of the shares issued.

Capital stock
Amounts above par or stated value are recorded in... accounts.

PIC
The authorized, issued, and outstanding par value amounts must be...

disclosed.
Treasury stock is shown as a... of SE.

reduction
Treasury stock is a... account.

contra-equity
Accumulated income that has not been used for dividends.

Retained earnings
Net income is transferred to...

RE
Materiality involves evaluating what 2 things? (SI)
- 1. Relative size &
- 2. Importance

Author

Dbadams94

308252

Card Set

Int. Accounting (Misc. for Exam 1)

Description

ACC

Updated

2015-09-22T05:24:44Z

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