m MULTIPLECHOICE the question. Chese the one alternative that beat empletes the statement or answ Question (17 maltipte ehotee questio 34 tetal potnts) )Kirova Company has provided the following information Numher ofiued common shares, 900,000 Net income S1,000,000 Number ofauthorized common shares, 1,000,000 Weighted average numbeer of outstanding common shares, 800,000 Number of treasury shares, 100,000 What is Kirovas earnings per share (EPS)? A) S1.25 B) $1.11 C)S1.00 D) S1.43 2) Phipps Company borrowed $25,000 cash on October 1, 2019, and signed a nine-month, 8% interest- bearing note payable with interest payable at maturity. Assuming that adjusting entries have not been made during the year, the amount of accrued interest payable to be reported on the December 31, 2019 balance sheet is which of the following? A) S750. B) $500. C) $300. D) $250. 3) At the end of each quarter, Patti deposits $500 into an account that pays 12% interest compounded quarterly. How much will Patti have in the account in three years? A) $7,213. B) $7,096. C) $7,129. D) $8,880. 0.000 Which of the following properly describes the accounting for goodwill? Goodwill is the difference between the amount paid for a company relative to the book value of the uired company's net assets. Goodwill is the difference between the amount paid for a company relative to the fair value of the red company's net assets. modwill is recorded when it is internally generated. odwill is amortized over its useful life. Wh of the lowing AU k anti and atock dividends iree the mber of comm hares eetending B sptie and aock dividends hve the impaet of reducing the market price of the stock OAed ck ie and ock dividends incree the DSock spi rellocate amounte between retained earnings and eontributed capital accounts ber of common shares isued. e0 Febrry 1, 201, Ce Company aquired 1,000 shares of its Si par value stock for $47 per share and held thee shares in treanury. On April 10, 2019, Cue resold all the treasury shares for s50 per share. Which of the following entries would be recorded when Cue Company resells the shares of treasury ock? 50,000 Cash 1,000 Common stock Additional paid-in capital 49,000 ) 50,000 Cash Treasury stock Additional paid-in capital 47,000 3,000 C) Cash 50,000 Treasury stock 47,000 Gain on sale of treasury stock 3,000 D) Cash 50,000 47,000 3,000 Treasury stock Retained earnings 7) Today, Thomas deposited $100,000 in a three-year, 12% CD that compounds quarterly. What the maturity value of the CD? A) $119,410. B) $142,576. C) $109,270. D) $140,493
