71.A component of equity that arises when a parent company owns a majority of the common shares of a subsidiary company is known as
72.Distributions to owners include all of the following except
b.repurchasing treasury stock.
c.giving away fixed assets.
73.In preparing a statement of changes in shareholders' equity, the company includes land given to a shareholder as a dividend. This transaction is included in the statement because it represents
a.an investment by a shareholder that increases equity.
b.an investment by a shareholder that decreases equity.
c.a distribution to a shareholder that increases equity.
d.a distribution to a shareholder that decreases equity.
74.A reader of a set of financial statements would expect to be able to find in the statement of changes in shareholders' equity
a.increasesin total assets.
b.increasesin total liabilities.
c.increasesto net income.
75.GAAP requires that all derivative financial instruments be reported at their
76.A reader might find information about gain contingencies in an annual report by examining
a.a contingent account receivable.
b.an accrued revenue.
c.a deferred revenue.
77.A subsequent event is an event that occurs
a.after the annual report is issued.
b.anytime after the end of the accounting period.
c.between the end of the accounting period and the date the annual report is issued.
d.anytime before the annual report is issued.
78.All of the following are examples of subsequent events that would be disclosed in the footnotes to the financial statements except
a.fire or flood loss.
b.a litigation settlement.
c.a bond issuance after the balance sheet date.
d.the write off ofa significantuncollectible account.
79.Activities between affiliated entities such as subsidiaries must be disclosed in the financial statements of a corporation as
c.related party transactions..
80.The SEC requires disclosure of quarterly high and low market prices for
d.The SEC does not require disclosure of quarterly high and low market prices.