A company has 1 million shares outstanding on January 1, 2017 and issues 300,000 new shares on April 1, 2017. The weighted average shares outstanding in 2017 (the company has a December 31st fiscal year-end) is:

1,150,000 shares

1,225,000 shares

1,300,000 shares

1,000,000 shares

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Question 31 pts

Which of the following is not a common cash flow challenge?

Significant growth.

None of the other answers is correct. All are common cash flow challenges.

Inadequate financing.

A long cash-to-cash cycle.

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Question 41 pts

Company's usually prefer a cash-to-cash cycle that is __________ , in order to _________________-.

shorter ; avoid liquidity issues

longer ; avoid liquidity issues

longer ; improve profitability

shorter ; improve profitability

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Question 51 pts

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Question 61 pts

Comprehensive income is defined as __________________ .

net income from non-operating sources.

net income from operating sources only.

retained earnings plus common shares.

the total change in shareholders' equity from non-owner sources.

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Question 71 pts

On page 178 the textbook includes an excerpt from the notes to the financial statements for Air Canada. Air Canada sells flight passes to customers that enable them to take unlimited flights during a period of time. The note indicates that Air Canada recognises revenue from these passes ___________________ .

when the customer pays for the flight pass.

None of the other answers is correct - there is no revenue recognised on the flight passes.

evenly over the period for which the pass is valid.

when the flights are taken.

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Question 81 pts

Which of the following statements is true regarding earnings per share?

It is equal to the dividend declared in the year.

It appears on the company's statement of income.

It appears on the company's income statement and is equal to the dividend declared in the year.

It is equal to the increase in the company's share price during the year.

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Question 91 pts

The direct approach to presentation of a cash flow statement differs from the indirect approach in which section?

Financing activities

There is no difference, as the overall change in cash would be the same.

Operating activities

Investing activities

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Question 101 pts

If a company has made arrangements with their bank to borrow money in months when their bank account balance is negative, the company has:

a term deposit.

a long-term loan.

overdraft protection.

a very generous banker.