Matching
Match the items below by entering the appropriate code letter in the space provided.
Premises:
This ratio indicates how much profit is paid out in the form of cash dividends.
A pro rata distribution of the corporation's own shares to shareholders.
A corporation reacquires its own shares but does not retire or cancel them.
A ratio that indicates the profit earned by each common share
The use of a policy in the current year that is different from the one used in the preceding year
All increases and decreases to shareholders' equity except for those from share and dividend transactions.
Any shares purchased or issued during the year are weighted by the fraction of the year they are outstanding.
A component of an enterprise that has been disposed of or is reclassified as "held for sale"
Shows all of the changes in contributed capital, retained earnings, and accumulated other comprehensive income.
The correction of an error in previously issued financial statements.
A change in estimates used because new information is available that indicates a change.
The issue of additional shares to shareholders
Responses:
Change in accounting estimate
Prior period adjustment
Weighted average number of shares
Statement of changes in shareholders' equity
Treasury shares
Comprehensive income
EPS
Stock split
Discontinued Operations
Change in accounting policy
Stock dividend
Payout ratio
Correct Answer:
Premises:
Responses:
A component of an enterprise that has been disposed of or is reclassified as "held for sale"
Discontinued Operations
Any shares purchased or issued during the year are weighted by the fraction of the year they are outstanding.
Weighted average number of shares
The issue of additional shares to shareholders
Stock split
This ratio indicates how much profit is paid out in the form of cash dividends.
Payout ratio
The correction of an error in previously issued financial statements.
Prior period adjustment
The use of a policy in the current year that is different from the one used in the preceding year
Change in accounting policy
Shows all of the changes in contributed capital, retained earnings, and accumulated other comprehensive income.
Statement of changes in shareholders' equity
A ratio that indicates the profit earned by each common share
EPS
A corporation reacquires its own shares but does not retire or cancel them.
Treasury shares
A pro rata distribution of the corporation's own shares to shareholders.
Stock dividend
All increases and decreases to shareholders' equity except for those from share and dividend transactions.
Comprehensive income
A change in estimates used because new information is available that indicates a change.
Change in accounting estimate
Premises:
A component of an enterprise that has been disposed of or is reclassified as "held for sale"
Any shares purchased or issued during the year are weighted by the fraction of the year they are outstanding.
The issue of additional shares to shareholders
This ratio indicates how much profit is paid out in the form of cash dividends.
The correction of an error in previously issued financial statements.
The use of a policy in the current year that is different from the one used in the preceding year
Shows all of the changes in contributed capital, retained earnings, and accumulated other comprehensive income.
A ratio that indicates the profit earned by each common share
A corporation reacquires its own shares but does not retire or cancel them.
A pro rata distribution of the corporation's own shares to shareholders.
All increases and decreases to shareholders' equity except for those from share and dividend transactions.
A change in estimates used because new information is available that indicates a change.
Responses:
Discontinued Operations
Weighted average number of shares
Stock split
Payout ratio
Prior period adjustment
Change in accounting policy
Statement of changes in shareholders' equity
EPS
Treasury shares
Stock dividend
Comprehensive income
Change in accounting estimate
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