新用戶掃碼下載
掃碼下載APP
及時(shí)接收最新考試資訊及
備考信息
2016年美國(guó)CPA模擬試題：Financial 2
If a corporation sells some of its treasury stock at a price that exceeds its cost, this excess should be：
a. Reported as a gain in the income statement.
b. Credited to retained earnings.
c. Credited to additional paid-in capital.
d. Treated as a reduction in the carrying amount of remaining treasury stock.
答案：C
Explanation
Rule： There is no gain or loss on the purchase and/or sale of treasury stock. Any “difference” goes to “paid-in capital，” or if there is not enough paid-in capital to absorb a loss, the loss would be debited （subtracted） from “retained earnings.”
Choice “c” is correct. When treasury stock is sold at a price that exceeds its cost, the excess would be credited to “paid-in capital.”
Choice “a” is incorrect. There is no gain recognized on the sale of treasury stock sold in excess of cost.
Choice “d” is incorrect. An “excess” （gain） from the sale of treasury stock would not reduce the carrying amount of the remaining treasury stock.
Choice “b” is incorrect. Excesses （gains） from sales of treasury stock are not credited to retained earnings.
【我要糾錯(cuò)】 責(zé)任編輯：小瑩子
推薦閱讀
相關(guān)資訊
章小炎主講：《財(cái)務(wù)會(huì)計(jì)與報(bào)告》免費(fèi)聽(tīng)
李向祎主講：《審計(jì)與鑒證》免費(fèi)聽(tīng)
限時(shí)免費(fèi)資料
-
思維導(dǎo)圖
-
學(xué)習(xí)計(jì)劃
-
科目特點(diǎn)
-
報(bào)考指南
-
歷年樣卷
-
財(cái)會(huì)英語(yǔ)
新用戶掃碼下載
京公網(wǎng)安備 11010802044457號(hào)