Question 3If diluted earnings per share is reported for at least one period, it shall bereported for all periods presented,Select the words that correctly complete the above statement.only if basic earnings per share is positive.even if it equals basic earnings per share.only if amounts are positive, i.e., a profit per share.only if it does NOT equal basic earnings per share.

A financial indicator called earnings per share( EPS) is used to estimate a company's profitability…

Answered: If diluted earnings per share is…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 23MC: The correct formula for the calculation of earnings per share is ________. A. B. C. D.

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17. Which statement is incorrect regarding presentation of basic and diluted EPS? a. Earnings per share is presented for every period for which a statement of comprehensive income is presented. b. Ir dnuted earnings per share is reported for at least one period, it shall be reported for all periods presented, even if it equals basic earnings per share. C. If basic and diluted earnings per share are equal, dual presentation can be accomplished in one line in the statement of comprehensive income. d. Basic and diluted EPS need not be presented if the amounts are negative. 18. If an entity presents items of profit or loss in a separate statement of profit or loss, it presents earnings per share a. Only in the statement of profit or loss. b. Only in the statement of profit or loss and other comprehensive income. c. Only in the statement of changes in equity. d. Only in the notes to the financial statements. 19. When an entity issues both consolidated and separate financial statements, the…
A. What amount should be reported as basic earnings per share?B. What amount should be reported as diluted earnings per share?
A. What amount should be reported as basic earnings per share? B. What amount should be reported as diluted earnings per share? Solution in proper accounting form.
The correct formula for the calculation of earnings per share is ________. A. B. C. D.
Exercise 17-4 (Algo) Computing and interpreting common-size percents LO P2 Express the following comparative income statements in common-size percents. Using the common-size percents, which item is most responsible for the decline in net income? Complete this question by entering your answers in the tabs below. Income Statement Reason for Decline in Net Income Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.) Sales Cost of goods sold Gross profit Operating expenses Net income GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year $ Current Year % 780,000 $ 560,000 220,000 130,400 89,600 $ Income Statement Prior Year $ $ $ 660,000 295,400 364,600 251,600 113,000 Prior Year % Reason for Decline in Net Income >
Earnings Per Share must be disclosed for Income from Continuing Operations, Discontinued Operations and Net Income for both Basic Earning Per Share and for Diluted Earnings Per Share. • True O False
2 Tiger Audio declared and paid a cash dividend of $7,925 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: Current Previous Income Statement $342,000 $281,000 175,650 166,350 63,600 6,400 96,350 28,905 Sales Revenue Cost of Goods Sold 159,000 122,000 52,930 5,670 63,400 19,020 Gross Profit Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense (30%) Net Income $ 67,445 $ 44,380 Balance Sheet $ 72,520 32,900 49,000 151,000 $305,420 $ 45, 200 28,000 46,000 138, 200 Cash Accounts Receivable, Net Inventory Property and Equipment, Net Total Assets $257,400 $ 39,000 4,800 101,900 145,700 39,400 120,320 $ 37,000 4,000 116, 200 157, 200 39,400 60,800 Accounts Payable Income Tax Payable Note Payable (long-term) Total Liabilities Common Stock (par $1) Retained Earnings Total Liabilities and Stockholders' Equity $305,420 $257,400
31. The total retained earnings balance typically is not affected by * a. Net Income b. A prior period error c. Dividends paid d. Restrictions
Question 51: In the vertical analysis of an income statement, what is the base (100%) figure? Answer: A. Total expenses B. Total revenues C. Total assets D. Net income
please find basic earnings per share and diluted earnings per share
Direction: Explain the following statements/question in not less than 5 sentences. DO NOT USE THE COPY-PASTE METHOD. 1. Explain the two types of earnings per share:a. Basic earnings per share b. Diluted earnings per share
1 Horizontal Analysis of financial statements specifically looks at the increases and decreases in the amount, or percentage, of a given item from year to year. True False

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If diluted earnings per share is reported for at least one period, it shall be reported for all periods presented, Select the words that correctly complete the above statement. only if basic earnings per share is positive. even if it equals basic earnings per share.