TRUE OR FALSE Basic earnings per share is required to be reported for all publicly-traded corporations.
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TRUE OR FALSE
Basic earnings per share is required to be reported for all publicly-traded corporations.
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- Which of the following measures the portion of a corporations profit allocated to each outstanding share of common stock? A. retained earnings B. EPS C. EBITDA D. NOPATThe Standard requires every stock corporation to disclose the amount of unrestricted retained earnings equal to the cost of treasury shares, if there is any, but does not compel it to include the number of shares held in the treasury through the notes to financial statements. * a. True b. FalseWhich of the following affects the total Shareholders’ Equity? a. Declaration of a scrip dividend b. Declaration of share split c. Appropriation of retained earnings d. Retirement of treasury shares
- Discuss the accounting treatment, if any, that should be given to each of the following items in computing earnings per share of ordinary shares for financial statement reporting. g. a provision created out of retained earnings for a contingent liability from a possible lawsuit.When a corporation has only one class of share capital, book value per share is computed as Total contributed capital over the total number of shares issued. Total shareholder’s equity over the total number of shares outstanding. Total contributed capital over the total number of shares outstanding. Total shareholder’s equity over the total number of shares issued.Describe the types of shares held by the company. What can you say about the history of company share issues, retained earnings and payment of dividends? Are they following any specific policies for these? (Please correct answer)
- Which of the following is not normally found in the total equity section of a company's statement of financial position? A. Retained earnings B. Ordinary share capital C. Dividends payable to the ordinary shareholders D. Share premiumIdentify which category of shareholder's equity is affected by each item and briefly explain how it is affected. Restricted retained earnings by making an entry equal to the cost of treasury shares purchased.Which of the following affects the total Shareholders’ Equity? Appropriation of retained earnings Declaration of a scrip dividend Declaration of share split Retirement of treasury shares
- Discuss the accounting treatment, if any, that should be given to each of the following items in computing earnings per share of ordinary shares for financial statement reporting. d) The declaration of current dividends on cumulative preference shares. e) The acquisition of some of the corporation's outstanding ordinary shares during the current fiscal year. The shares were classified as treasury shares. f) A 2-for-1 share split of ordinary shares during the current fiscal year. g) A provision created out of retained earnings for a contingent liability from a possible lawsuit.Which of the following statements is correct? A corporation's issued stock may exceed its outstanding stock. A corporation's outstanding stock may exceed its authorized stock. A corporation's issued stock may exceed its authorized stock. A Corporation's treasury stock may exceed its issued stock. A corporation's treasury stock may exceed its authorized stock.Which account cannot be used if a corporation has only one class of shares? a. Preference shares b. Ordinary shares c. Share Capital d. Accumulated profits