FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Cash dividends are paid on the basis of the number of shares?
instructions: what is the correct answer
a. authorized
b. issued.
c. outstanding
d. outstanding less the number of treasury shares
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- In a limited company which of the following is shown in the statement of changes in equity? a. Loan note interest and dividends b. Dividends paid and transfer to reserves c. Transfer to reserves and loan note interest d. Directors remuneration and Dividends paidarrow_forwardFor the purpose of calculating earnings per share (EPS), the denominator is:Select one:a. Outstanding ordinary shares at balance date.b. Weighted-average number of the sum fully paid ordinary shares and partly paid equivalents.c. Outstanding ordinary shares at balance date and weighted-average number of fully paid ordinary shares.d. Weighted-average number of fully paid ordinary shares.arrow_forwardThe category of equity that tracks the events relating to stockholder transactions is known as: Group of answer choices Retained Earnings Treasury Stock Paid-In Capital Awesome Categoryarrow_forward
- Where are dividends in arrears reported? Group of answer choices statement of stockholders' equity balance sheet income statement notes to the financial statementsarrow_forwardWhich of the following formulas is correct regarding the different status of shares of stock: authorized shares, issued shares, outstanding shares, and treasury shares? a. Issued - Treasury = Outstanding %3D b. Issued + Treasury - Authorized C. Authorized + Treasury = Issued d. Issued + Outstanding + Treasury Authorizedarrow_forwardWhen treasury stock is purchased for cash at more than its par value, what is the effect on total shareholders’ equity under each of the following methods?arrow_forward
- d. mutual agency for stockholders 20. Stockholders' equity a. is usually equal to cash on hand b. is shown on the income statement c. includes paid-in capital and liabilities d. includes retained earnings and paid-in capita blec bisearrow_forwardhich of the following is not true about the stockholders' equity section of a balance sheet? a. Stock characteristics are indicated. b. Preferred stock subscriptions receivable, common stock subscriptions receivable, and treasury stock are subtracted from the total of paid - in capital and retained earnings. c. Contra equity accounts are shown at the beginning of the stockholders' equity section of a balance sheet. d. Retained earnings is listed after all paid - in capital.arrow_forwardWhat terminology best describes the EPS (earnings per share) formula below? Net income available to common stockholders/ (number of shares outstanding+ potential shares from employee options and convertible debt) A-diluted EPS B-Basic EPS C- operating EPS D- adjusted EPSarrow_forward
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