d) Omitted from n No YES No c) d) 8-Cash dividends are pald on the basts of the number of shares b) Issued c) Outstanding d) Outstanding less the numbet of treasury shares 19- A dividend which is a returns to stockholders of aportion of their original investments a) A liquidating dividend b) A property dividend e) A liability dividend d) A participating dividend When accounting for long-term projects, which revenue recognitieon method should be uied Whven thie revemues are pald up front, but the costs, which can be estimated, will be incurred over the next three yeun a) b) c) d) Sales basis method Percentage of completion Completed contract method Installment sales method 21 - ABC Inc had 600,000 shares of common stock outstanding on Janary 1,2010, issued 900.000 shares only on aly 2010, and had income applicable to common stock of S 630,000 for the yeat ending December 31, 2010. Earnings per share of common stock for year 2010 would be: a) $1.05 b) $ 0.50 c) $0.60 d) $ 0.70 22- An entity (other than a financial insitution) receives dividends from ts investment in share. How should t disclose the dividends received in the cash flow statement prepared under IAS 7 (Cash Flow Statementy? a) Operating cash flow b) Either e) Either as operating cash inflow or as financing cash inflow as operating cash inflow or as investing cash inflow ble declining net income for the year adjustment in the "operating activities" section of the cash flow because it inctuded in d as cash flow in the "financing activities" section of the cash flow statement how should the investment be treated? 23-If the in vestor ceases to have significant influence over an associate. a) It should still be treated using equity accounting b) It shou c) The investment should be frozen at the date at which the investor d) The investment should be treated at cost ld be treated in accordance with IAS 39 ceases to have significant influence