Answered step by step
Verified Expert Solution
Question
1 Approved Answer
can you please do 12 to 17, no explanation needed. thank you. 12 Earnings per share amounts are required for: A discontinued operations. B revenues.
can you please do 12 to 17, no explanation needed. thank you.
12 Earnings per share amounts are required for: A discontinued operations. B revenues. C gross margin. Dother income. 13 The Professional Flying Co. had 20,000 shares at the beginning of 2010. On 3/1/2010, 24,000 additional shares were issued. 2,000 shares were reacquired and retired on 7/1/2010. 12,000 additional shares were issued on 12/1/2010. The weighted average number of shares for 2010 is A 39,000 B 40,000 C 41,000 D 54,000 14 For computing diluted earnings per share, a potentially dilutive security would be: A stock options. B bonds payable. C treasury stock. D common stock that has been authorized, but not issued. 15 The pricelearnings ratio: A is not a function of the market. B is calculated using diluted earnings per share before nonrecurring items. C indicates low-growth-potential firms have higher pricelearnings ratios. D is calculated using basic earnings per share before nonrecurring items. 16 The dividend payout ratio: A measures the portion of current earnings per preferred and common shares being paid out in dividends. B is typically higher in new firms. C is calculated using diluted earnings per share before nonrecurring items. D is a measure of future earnings. 17 In calculating book value per common share: A the number of common shares issued is used as the denominator. B total shareholders' equity plus preferred stock equity is used in the numerator. C the average number of common shares outstanding is used in the denominator. D total shareholders' equity minus preferred stock equity is used in the numeratorStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started