13.What balance sheet condition does a deficit create? 14.What is the purpose of the date of record? 15.How does an appropriation of retained earnings affect the income statement and assets of a...

13.What balance sheet condition does a deficit create?

14.What is the purpose of the date of record?

15.How does an appropriation of retained earnings affect the income statement and assets of a company?

16.What is the purpose of a prior period adjustment?

17.From a business perspective, how does a stock split differ from a small stock dividend? How are they similar?

IFRS Question

1. 
   Under US GAAP, companies must provide a description of the changes in comprehensive income as either a separate statement or as a part of the statement of changes in stockholders’ equity. Under IFRS, companies must also provide a description of the changes in comprehensive income in a:
   

1. 
   Statement of Recognized Income and Expense
   


2. 
   Statement of Unrecognized Income and Expense
   


3. 
   Statement of Retained Earnings
   


4. 
   Income Statement