Questions from College Accounting

Q: What effect does a stock split have on retained earnings? Explain

What effect does a stock split have on retained earnings? Explain.

Q: What effect does an appropriation have on total retained earnings?

What effect does an appropriation have on total retained earnings?

Q: Several years ago a corporation made an appropriation of retained earnings because

Several years ago a corporation made an appropriation of retained earnings because of a building project. The building project was completed in the current year. What accounting entry will probably be...

Q: What is a collateral trust bond?

What is a collateral trust bond?

Q: What is a bond sinking fund?

What is a bond sinking fund?

Q: For several years, Herschel Anderson had operated Management Consulting Company as

For several years, Herschel Anderson had operated Management Consulting Company as its sole proprietor. On January 1, 20X1, he formed a partnership with Richard Harris to operate the company under the...

Q: What is the relationship between a bond sinking fund and an appropriation

What is the relationship between a bond sinking fund and an appropriation of retained earnings for bond retirement? Explain.

Q: Explain the accounting treatment necessary when bonds are retired before maturity.

Explain the accounting treatment necessary when bonds are retired before maturity.

Q: What is a bond indenture?

What is a bond indenture?

Q: How is the Bonds Payable account classified on the balance sheet?

How is the Bonds Payable account classified on the balance sheet?