Reference no: EM132978520
Question - X approved a five for one share split and an increase in authorized shares form 100,000 shares with 20 par value to 500,000 shares with 4 par value. The shareholders equity account immediately before the split shares were share capital 3,000,000 share, premium 300,000 and retained earnings 1,500,000.
1. What is the balance of the share premium after recapitalization?
1,150,000
300,000
150,000
2,300,000
2. Which of the following should be inckluded as example of plan curtainment
Closing of a plant
Discontinueance of an operation
Changes to an existing defined benefit plan
Termination or suspension of plan
3. The only remeasurement that will reflect in profit or loss
remeasurement of plan assets
remeasurement of the effect of asset ceiling
remeasurement of projected benefit obligation
remeasurement of long term benefits