Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi, Ma'am/Sir! Can someone help me to answer this Multiple Choice questions? I need an explanation on every question. Thank you! :> 5. In calculating

Hi, Ma'am/Sir! Can someone help me to answer this Multiple Choice questions? I need an explanation on every question. Thank you! :>

image text in transcribedimage text in transcribedimage text in transcribed
5. In calculating diluted earnings per share, which of the following should not be considered? a. The weighted average number of common shares outstanding b. The amount of dividends declared on cumulative preferred shares c. The amount of cash dividends declared on common shares d. The number of common shares resulting from the assumed conversion of debentures outstanding (Adapted)PROBLEM 5: MULTIPLE CHOICE - THEORY 1. Earnings per share disclosures are required only for a. companies with complex capital structures. b. companies that change their capital structures during the reporting period. c. public companies. d. private companies. (Adapted) 2. In computing the earnings per share of common stock, noncumulative preferred dividends not declared should be a. deducted from the net income for the year. b. added to the net income for the year. c. ignored. d. deducted from the net income for the year, net of tax. (Adapted)3. Which earnings per share computation should be reported on the face of the income statement? Basic EPS Diluted EPS a. Yes Yes b. Yes No C. No Yes d. No No (Adapted) 4. When computing earnings per share on common stock, dividends on cumulative, nonconvertible preferred stock should be a. deducted from net income only if the dividends were declared or paid in the current period. b. deducted from net income regardless of whether the dividends were not paid or declared in the period. c. deducted from net income only if net income is greater than the dividends. d, ignored. (Adapted)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Management

Authors: Don R Hansen, Maryanne M Mowen, Dan L Heitger

5th Edition

357141091, 978-0357141090

More Books

Students also viewed these Accounting questions

Question

In Exercises use graphs and tables to find the limits. 1 lim x-2x-2

Answered: 1 week ago

Question

Why was the phi phenomenon so important to Wertheimer?

Answered: 1 week ago