Definition of Basic EPS Profit attributable to ordinary shareholders ► Profit after tax - Preference shares dividend Note on amount of preference dividend Type of preference dividend Non-cumulative Amount to be deducted Declared during the reporting period Cumulative Required for the reporting period Declared: Dividend included in P&L after announcing to the public Required: Dividend included in P&L no matter announced or not

Calculate the total payout?

Cumulative preferred dividends in arrears should be shown in a corporation's balance sheet as: O A footnote O An increase in current liabilities O An increase in current liabilities for the current portion and long-term liabilities for the long-term portion O An increase in stockholders' equity

Stockholder Payout Ratios The following information pertains to Milo Mindbender Corporation: Required: Calculate the dividend yield, dividend payout, and total payout. (Note: Round answers to two decimal places.)

What 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 EPS

What is prefences share captial? What is the journal entries mean?

1. Which of the following would appear first in a statement of retained earnings?  Choices; Cash dividend Prior period error Net income Share dividend     2. Which of the following does not appear in a statement of retained earnings?   Choices; Net loss Preference share dividend Other comprehensive income Prior period error

Indicate the effects of each of the following transactions on Assets, Liabilities, Share Capital and Retained Earnings. Use + for increase, - for decrease, and 0 for no effect. Share Retained Assets Liabilities Capital Earnings 1. Declaration of cash dividends 2. Payment of cash dividends 3. Declaration of share dividends 4. Issuance of share dividends 5. A share split 6. Cash purchase of treasury stock 7. Sale of treasury stock below cost

1. It represents the cumulative balance of periodic earnings, dividend distributions, prior period adjustments and other capital adjustments. a. Income summaryb. net incomec.dividends d. accumulated profits 2. The date on which liability for dividends must be recorded a. Date of recordb.Date of issuance c.Date of payment d. Declaration date 3. The amount attributable to every share of ordinary share capital outstanding during the period. a. Par value b. Stated value c. Carrying value d. Bookvalue 4. The date which determines who gets the dividend a. Date of payment b. Date of declaration c. Date of record d. Date of issuance 5. How is the treasury share account presented in the Statement of Financial Position? a. deducted from accumulated profitsb. deducted from shareholders’ equityc. part of reservesd. current asset

The conversion of preference shares into ordinary shares requires that any excess of the par value of the ordinary shares issued over the carrying amount of the preference shares being converted should be Select one: O a. reflected currently in other comprehensive income. O b. reflected currently in income. treated as a direct reduction of retained earnings. O c. O d. treated as a prior period adjustment.