Exam 11: Reporting and Interpreting Stockholders Equity

arrow
  • Select Tags
search iconSearch Question
flashcardsStudy Flashcards
  • Select Tags

A company reported net income of $6 million.During the year the average number of common shares outstanding was 3 million.The price of a share of common stock at the end of the year was $5.There were 400,000 shares of preferred stock outstanding on average and no dividends were declared and the preferred stock is noncumulative. -Use the information above to answer the following question.The EPS is approximately:

(Multiple Choice)
4.9/5
(37)

As of November 29,it appears that Notel will report earnings per share (EPS)of $1.15 for the quarter ended November 30.Which of the following events would cause this EPS number to decrease,assuming the event occurs the morning of November 30?

(Multiple Choice)
4.9/5
(36)

Unpaid dividends on cumulative preferred stock are called dividends in arrears.

(True/False)
4.9/5
(37)

On the payment date for a cash dividend,the company:

(Multiple Choice)
4.8/5
(34)

Dividends in arrears are reported as current liabilities on the balance sheet.

(True/False)
4.8/5
(36)

Which of the following is not a reason a company would repurchase stock?

(Multiple Choice)
4.8/5
(28)

A major advantage of the corporate form of ownership is:

(Multiple Choice)
4.8/5
(44)

The statement of stockholder's equity differs from the statement of retained earnings in that the statement of stockholders' equity:

(Multiple Choice)
4.9/5
(37)

The Wadsworth Corp.has common stock with a par value of $5.During the current year,it declared and paid dividends of $10,000.It sold at $20 per share an additional 1,000 shares of stock that had not been previously issued.In addition,it had net income of $50,000 for the year.What is the amount of change to its stockholders' equity for the year?

(Multiple Choice)
4.9/5
(30)

The information below was extracted from the most recent financial statements of Milton Technologies (in millions, except for stock price): The information below was extracted from the most recent financial statements of Milton Technologies (in millions, except for stock price):    -Use the information above to answer the following question.What is the EPS for the company's stock for the current year? -Use the information above to answer the following question.What is the EPS for the company's stock for the current year?

(Multiple Choice)
4.7/5
(50)

Features of common stock usually include all of the following except:

(Multiple Choice)
4.7/5
(32)

A company has the following paid-in capital: A company has the following paid-in capital:    -Use the information above to answer the following question.If the company pays a $35,000 dividend,and the preferred stock is cumulative and two years' dividends are in arrears,what is the amount the common stockholders will receive? -Use the information above to answer the following question.If the company pays a $35,000 dividend,and the preferred stock is cumulative and two years' dividends are in arrears,what is the amount the common stockholders will receive?

(Multiple Choice)
4.9/5
(43)

If shares of common stock are issued at a market price greater than par value,the amount in excess of par should be credited to:

(Multiple Choice)
4.7/5
(33)

A company has the following paid-in capital: A company has the following paid-in capital:    -Use the information above to answer the following question.If the company pays a $100,000 dividend,and the preferred stock is cumulative and three years' dividends are in arrears,what is the amount the preferred stockholders will receive? -Use the information above to answer the following question.If the company pays a $100,000 dividend,and the preferred stock is cumulative and three years' dividends are in arrears,what is the amount the preferred stockholders will receive?

(Multiple Choice)
4.7/5
(38)

The right of current stockholders to purchase additional shares of newly issued stock in order to maintain the same percentage ownership is called:

(Multiple Choice)
4.8/5
(38)

When a company reissues (or sells)shares of its treasury stock at an amount different than its cost,it reports a gain or a loss on the sale.

(True/False)
4.8/5
(40)

Stock splits and large stock dividends have which of the following similarities or differences in their effects and requirements for a journal entry? Stock splits and large stock dividends have which of the following similarities or differences in their effects and requirements for a journal entry?

(Short Answer)
4.8/5
(33)

If a corporation declares and distributes a stock dividend on its common shares:

(Multiple Choice)
5.0/5
(32)

The journal entry to record a large stock dividend includes a:

(Multiple Choice)
4.7/5
(33)

Which of the following line items are not found on a sole proprietorship's statement of owner's equity?

(Multiple Choice)
4.9/5
(28)
Showing 61 - 80 of 253
close modal

Filters

  • Essay(0)
  • Multiple Choice(0)
  • Short Answer(0)
  • True False(0)
  • Matching(0)