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87 changes in retained earnings are commonly reported in the a statement of cash flo 4296302

 

87.Changes in retained earnings are commonly reported in the: 
 
 

A.Statement of cash flows.

B.Balance sheet.

C.Statement of stockholders' equity.

D.Multiple-step income statement.

E.Single-step income statement.

88.A company made an error in calculating and reporting amortization expense in 2015. The error was discovered in 2016. The item should be reported as a prior period adjustment: 
 
 

A.on the 2015 statement of retained earnings.

B.on the 2015 income statement.

C.on the 2016 statement of retained earnings.

D.on the 2016 income statement.

E.accounted for with a cumulative “catch-up” adjustment in 2016.

89.The statement of changes in stockholders' equity: 
 
 

A.Is part of the statement of retained earnings.

B.Shows only the ending balances in stockholders' equity.

C.Describes changes in paid-in capital and retained earnings subcategories.

D.Does not include changes in treasury stock.

E.Is reported by very few companies.

90.The amount of income earned per share of a company's outstanding common stock is known as: 
 
 

A.Restricted retained earnings per share.

B.Earnings per share.

C.Continuing operations per share.

D.Dividends per share.

E.Book value per share.

91.Mayan Company had net income of $132,000. The weighted-average common shares outstanding were 80,000. The company sold 3,000 shares before the end of the year. There were no other stock transactions. The company's earnings per share is: 
 
 

A.$1.65.

B.$1.59.

C.$44.00.

D.$26.67.

E.$1.71.

92.Mayan Company had net income of $132,000. The weighted-average common shares outstanding were 80,000. The company declared a $27,000 dividend on its noncumulative, nonparticipating preferred stock. There were no other stock transactions. The company's earnings per share is: 
 
 

A.$1.65.

B.$1.99.

C.$1.31.

D.$0.34.

E.$4.89.

93.The price-earnings ratio is calculated by dividing: 
 
 

A.Market value per share by earnings per share.

B.Earnings per share by market value per share.

C.Dividends per share by earnings per share.

D.Dividends per share by market value per share.

E.Market value per share by dividends per share.

94.A company has earnings per share net income of $90,000; its weighted-average common shares outstanding are 18,000. Its dividend per share is $0.45, its market price per share is $88, and its book value per share is $76. Its price-earnings ratio equals:  
 
 

A.9.0.

B.17.6.

C.12.5.

D.15.2.

E.16.9.

95.A company has earnings per share of $9.60. Its dividend per share is $0.50, its market price per share is $110, and its book value per share is $96. Its price-earnings ratio equals: 
 
 

A.1.15.

B.0.87.

C.19.2.

D.10.0.

E.11.46.

96.The amount of annual cash dividends distributed to common shareholders relative to the common stock's market value is the: 
 
 

A.Dividend payout ratio.

B.Dividend yield.

C.Price-earnings ratio.

D.Current yield.

E.Earnings per share.

 

 

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