For consideration other than Cash

Froggy Jumps

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Issue of Shares

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KAVYA KV

India

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Froggy Jumps For consideration other than CashOnline version Issue of Shares by KAVYA KV 1 When shares are issued to acquire an asset other than cash, what is the standard initial measurement of the asset? a Carrying amount of the asset b Fair value of the shares issued c Historical cost of the asset 2 Purchase consideration is: a A. Amount paid to shareholders b B. Amount paid to vendors for business purchase c C. Cash received from public 3 Goodwill arises when: a A. Assets < Liabilities b B. Purchase consideration < Net assets c C. Purchase consideration > Net assets 4 Capital reserve arises when: a A. Purchase consideration > Net assets b B. Purchase consideration < Net assets c C. Assets = Liabilities 5 If shares are issued at a premium, the premium is credited to: a A. Capital reserve b B. General reserve c C. Securities Premium Account 6 When payment is made to vendors, which account is debited? a A. Share Capital b B. Vendor c C. Cash 7 If purchase consideration is ₹1,00,000 and net assets are ₹80,000, goodwill is: a A. ₹20,000 b B. ₹80,000 c C. ₹1,80,000

Froggy Jumps

For consideration other than CashOnline version

Issue of Shares

by KAVYA KV

When shares are issued to acquire an asset other than cash, what is the standard initial measurement of the asset?

Carrying amount of the asset

Fair value of the shares issued

Historical cost of the asset

Purchase consideration is:

A. Amount paid to shareholders

B. Amount paid to vendors for business purchase

C. Cash received from public

Goodwill arises when:

A. Assets < Liabilities

B. Purchase consideration < Net assets

C. Purchase consideration > Net assets

Capital reserve arises when:

A. Purchase consideration > Net assets

B. Purchase consideration < Net assets

C. Assets = Liabilities

If shares are issued at a premium, the premium is credited to:

A. Capital reserve

B. General reserve

C. Securities Premium Account

When payment is made to vendors, which account is debited?

A. Share Capital

B. Vendor

C. Cash

If purchase consideration is ₹1,00,000 and net assets are ₹80,000, goodwill is:

A. ₹20,000

B. ₹80,000

C. ₹1,80,000

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For consideration other than Cash

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Froggy Jumps

For consideration other than CashOnline version

by KAVYA KV

When shares are issued to acquire an asset other than cash, what is the standard initial measurement of the asset?

Purchase consideration is:

Goodwill arises when:

Capital reserve arises when:

If shares are issued at a premium, the premium is credited to:

When payment is made to vendors, which account is debited?

If purchase consideration is ₹1,00,000 and net assets are ₹80,000, goodwill is:

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