Earnings per share is computed on a. ordinary shares only b. preference shares only c. both ordinary and preference shares d. neither ordinary nor preference shares
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Earnings per share is computed on
a. ordinary shares only
b.
c. both ordinary and preference shares
d. neither ordinary nor preference shares
Step by step
Solved in 2 steps
- Which of the following are not part of common equity? a. preferred stock c. retained earnings b. common stock d. treasury stockEarnings per share (EPS) should be computed on the basis of A. Voting ordinary sharesB. Voting ordinary shares and preference sharesC. Voting and nonvoting ordinary sharesD. Preference sharesIn 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. ignored
- Mandatorily redeemable preferred stock (preference shares) is reported among liabilities and their dividends are reported in the income statement as interest expense using a. U.S. GAAP. b. IFRS. c. Both U.S. GAAP and IFRS. d. Neither U.S. GAAP nor IFRS.Dividends in arrears on preference shares are reported in the financial statements as a (an) a. liabilityb. reduction from Retained Earningsc. reduction from Retained Earningsd. expenseDividends on Preference and Ordinary Shares Required: Calculate the amount of dividends received by preference and ordinary shareholders, respectively, under each of the following assumptions.
- Compute for the total amount of dividend given in the individual assumptions allocated for ordinary shares. h. Preference share capital is cumulative and nonparticipating i. Preference share capital is cumulative and participating j. Preference share capital is cumulative and participating up to 8%In computing basic EPS, the amount of preference dividends onnoncumulative 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. ignoredthe earning per share is computed for: 1-common stock 2- non - redeemable preferred 3- redeemable preferred 4-common stock and non-redeemable preferred stock
- Provide differences of Treasury Share with Ordinary Share or Preference Share. Give the accounting treatment for the following cases: Treasury Shares are sold below its cost Treasury Shares are sold above its cost Treasury Share retires (Cost < Par Value ) Treasury Shares retires (Cost > Par Value)For an entity that has only ordinary shares outstanding, total shareholders’ equity divided by the number of shares outstanding represents * a. return on equity b. earnings per share c. liquidation value per share d. book value per shareCompute for the total amount of dividend and dividend per share allocated for preference shares and ordinary shares: Preference share capital is cumulative and participating up to 8%
