Complete the statement: Preference share that has a claim on any prior year dividends that may have passed is ______. Group of answer choices Non-cumulative Participating Cumulative Non-participating
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#31
Complete the statement:
Group of answer choices
Non-cumulative
Participating
Cumulative
Non-participating
Step by step
Solved in 2 steps
- 9A. How much is the excess of par to be used for book value per share computation? 9B. How much is the BOOK VALUE PER SHARE for PREFERENCE shares considering that the preference shares are cumulative and participating? (Present answer in 2 decimal places, example: xx.xx)Which of the following illustrates the effect of 15% share dividend declared and issued when the market price is higher than the par value? a. RETAINED EARNINGS - Increase, SHARE PREMIUM - Decrease, TOTAL EQUITY - Increase b. RETAINED EARNINGS - Increase, SHARE PREMIUM - Increase, TOTAL EQUITY - Increase c. RETAINED EARNINGS - Decrease, SHARE PREMIUM - Increase, TOTAL EQUITY - No effect d. RETAINED EARNINGS - Decrease, SHARE PREMIUM - Increase, TOTAL EQUITY - Decreaseq7- Which of the following statements is true? Select one: a. Trailing P/E is based on the current share price and forward P/E is based on next year's forecast share price. b. Trailing P/E is based on last year's share price and forward P/E is based on the current share price. c. Both trailing and forward P/E are based on the current share price. d. Trailing P/E is based on last year's share price and forward P/E is based on next year's forecast share price. Clear my choice
- #33 In calculating diluted earnings per share, which of the following should not be considered? Group of answer choices The number of ordinary shares resulting from the assumed conversion of debentures outstanding The amount of cash dividends declared on ordinary shares The required annual dividends on cumulative preference shares The weighted average number of ordinary shares outstandingThe following information is available for entity RR:2021 2020Share price as at 31 December R9.05 R5.12Earnings per share for the year to 31 December R0.65 R0.38Dividend per share for the year to 31 December R0.17 R.30Required:a) i) calculate the P/E ratio and the dividend yield for RR at 31 December 2021 and comparative figures for 2020.ii) Analyse the financial information for RR from the viewpoint of an investor. b) Explain the limitations that would exist if you were to compare these ratios and market information for RR with that of an entity whose shares were listed on a stock exchange in a different country.The ____________________per share is the amount of income attributable to each share ofcommon stock.a. earningsb. market valuec. book valued. preferred value
- In computing basic earnings per share (EPS), the amount of preference dividends on noncumulative preference shares should be:A. deducted from net income whether declared or notB. deducted from net income only when declaredC. added to net income only when declaredD. ignoredWhen computing the basic earnings per share in a structure where there are cumulative preference shares, the net income to ordinary shares is equal to the actual net income of the company a. Add current dividend for preference shares whether declared or not b. Less current dividend for preference shares whether declared or not c. Less current dividend for preference shares only when declared d. Less current and previous dividend for preference shares declared or not e. Add current dividend for preference shares only when declaredThe common stock received from the new company is recorded at ...... Select one: a. Average value b. Face value c. Market value d. Exist Value
- XYZ stock price and dividend history are as follows: Year Beginning-of-Year Price Dividend Paid at Year-End 2018 $ 110 $ 3 2019 113 3 2020 100 3 2021 105 3 An investor buys four shares of XYZ at the beginning of 2018, buys another two shares at the beginning of 2019, sells one share at the beginning of 2020, and sells all five remaining shares at the beginning of 2021. Required: a. What are the arithmetic and geometric average time-weighted rates of return for the investor? (Do not round intermediate calculations. Round your answers to 2 decimal places.) b-1. Prepare a chart of cash flows for the four dates corresponding to the turns of the year for January 1, 2018, to January 1, 2021. (Negative amounts should be indicated by a minus sign.) b-2. What is the dollar-weighted rate of return? (Hint: If your calculator cannot calculate internal rate of return, you will have to use a spreadsheet or trial and error.) (Negative value should be indicated by a minus…Consider the following table of Earnings Components: Firm A Firm B Firm C Reported EPS $ 12 $ 15 $ 18 Analyst’s EPS composition: Permanent component (βP = 5) 80 % 60 % 75 % Transitory component (βT = 1) 10 % 35 % 25 % Value-irrelevant component (β0 = 0) 10 % 5 % 0 % The implied share price of Firm C’s stock is: Multiple Choice $18.00 $63.00 $72.004. Define the following terms. Signaling hypothesis; clientele effect Residual distribution model; extra dividend Declaration date; holder-of-record date; ex-dividend date; payment date Dividend reinvestment plan (DRIP) Stock split; stock dividend; stock repurchase
