MC 4.15 Earnings per share reported…
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Asks which earnings per share figure should not be reported
Asks which earnings per share figure should not be reported
Asks what comprehensive income would equal.
Asks which is true about reporting a gain.
Asks what income smoothing refers to…
Asks how managers accomplish income smoothing
They ask what operating cash flows would not include
Asks what is same about the two statements…
Given sales revenue, selling expense, gain on sale, interest, and cost of goods sold they ask you to determine permanent earnings.
Your numbers will vary.
A change in accounting principle that is used using with retrospective approach:
Given the interest on short-term and long-term investments along with dividends, they ask you to determine how the company would report cash outflows from activities.
Your numbers will vary.