1. Rudolph Corporation reports the following information

Net income: $900,000

Dividends on common shares: $252,000

Dividends on preferred shares: $90,000

Weighted average common shares outstanding: 300,000

Rudolph should report earnings per share of:

a. 1.86

b. 2.16

c. 2.70

d. 3.00

2. The qualitative characteristics of representational faithfulness encompass all of the following concepts except

a. comparability

b. completeness

c. neutrality

d. free from bias

3. Which of the following statements is incorrect about other comprehensive income?

a. Revaluations of property, plant, & equipment are included

b. Unrealized holding gains on FV-OCI securities are included.

c. It can be reported in a separate statement or part of a combined statement of comprehensive income.

d. It includes all changes in equity during a period other than net income.