The senior accountant for Carlton Co., a public company with a complex capital structure, has just finished preparing Carlton's income statement for the current fiscal year. While reviewing the income statement, Carlton's finance director noticed that the earnings per share data has been omitted. What changes will have to be made to Carlton's income statement as a result of the omission of the earnings per share data?
参考答案(由小熊题库网聘请的专业题库老师提供的解答)
请点击↑↑↑ 查看官方参考答案 按钮
习题解析
请点击 查看官方参考答案 按钮
您可能感兴趣的题目
1 .The following changes in Vel Corp.'s account balances occurred during the current year:IncreaseAssetsUSD89,000Liabilities27,000Capital stock60,000Additional paid-in capital6,000Except for a USD13,000 dividend payment and the year's earnings, there were no changes in retained earnings for the current year. What was Vel's current year net income?
A Operating activities USD100,000 addition to net income Investing activities USD500,000 cash inflow B Operating activities USD100,000 subtraction from net income Investing activities USD400,000 cash inflow C Operating activities USD100,000 addition to net income Investing activities USD400,000 cash...
2 .Quoit, Inc. issued preferred stock with detachable common stock warrants. The issue price exceeded the sum of the warrants' fair value and the preferred stock's par value. The preferred stock's fair value was not determinable. What amount should be assigned to the warrants outstanding?
A The proportion of the proceeds that the warrants' fair value bears to the preferred stock's par value. B The fair value of the warrants. C Excess of proceeds over the par value of the preferred stock. D Total proceeds.
3 .Division Corporation has 20,000 shares of USD5.00 participating 9 percent cumulative preferred stock and 100,000 shares of USD2.00 common stock. On July 1, the board of Division declared a USD30,000 dividend at the time the common stock was selling for USD25 per share and the preferred stock was selling for USD30. The total dividends paid to each class of stock on the payment date was:
A Operating activities USD100,000 addition to net income Investing activities USD500,000 cash inflow B Operating activities USD100,000 subtraction from net income Investing activities USD400,000 cash inflow C Operating activities USD100,000 addition to net income Investing activities USD400,000 cash...
4 .Which one of the following is not considered contingent shares for purposes of computing EPS?
A Shares issuable upon the issuance of a patent. B Shares issuable upon achieving a specific net income target. C Shares issuable upon the passage of a specific period of time. D Shares issuable upon exercise of a stock option.
5 .Poe Co. had 300,000 shares of common stock issued and outstanding at December 31, Year 1. No common stock was issued during Year 2. On January 1, Year 2, Poe issued 200,000 shares of nonconvertible preferred stock. During Year 2, Poe declared and paid USD75,000 cash dividends on the common stock and USD60,000 on the preferred stock. Net income for the year ended December 31, Year 2 was USD330,000. What should be Poe's Year 2 earnings per common share?
A Operating activities USD100,000 addition to net income Investing activities USD500,000 cash inflow B Operating activities USD100,000 subtraction from net income Investing activities USD400,000 cash inflow C Operating activities USD100,000 addition to net income Investing activities USD400,000 cash...
7 .Mend Co. purchased a three-month U.S. Treasury bill. Mend's policy is to treat as cash equivalents all highly liquid investments with an original maturity of three months or less when purchased. How should this purchase be reported in Mend's statement of cash flows?
A As an outflow from operating activities. B As an outflow from investing activities. C Not reported. D As an outflow from financing activities.
8 .Duke Co. reported cost of goods sold of USD270,000 for Year 2. Additional information is as follows:December 31January 1InventoryUSD60,000USD45,000Accounts payable26,00039,000If Duke uses the direct method, what amount should Duke report as cash paid to suppliers in its Year 2 statement of cash flows?
A Operating activities USD100,000 addition to net income Investing activities USD500,000 cash inflow B Operating activities USD100,000 subtraction from net income Investing activities USD400,000 cash inflow C Operating activities USD100,000 addition to net income Investing activities USD400,000 cash...
9 .New England Co. had net cash provided by operating activities of USD351,000; net cash used by investing activities of USD420,000; and cash provided by financing activities of USD250,000. New England's cash balance was USD27,000 on January 1. During the year, there was a sale of land that resulted in a gain of USD25,000 and proceeds of USD40,000 were received from the sale. What was New England's cash balance at the end of the year?
A USD248,000 B USD27,000 C USD208,000 D USD40,000
10 .Which of the following transactions should be classified as investing activities on an entity's statement of cash flows?
A Payment of cash dividend to the shareholders. B Sale of property, plant and equipment. C Increase in accounts receivable. D Issuance of common stock to the shareholders.
