ACC2363_QUIZ 1_Q #93

In calculating earnings per share, a company uses the treasury stock method when   a. it recognizes the assumed impact of exercising outstanding warrants.   b. it develops a methodology to handle the premium paid on exercised share options.   c. it needs to value the cash received for a convertible bond.   d. it needs to value treasury stock repurchased during the year.

The ratio of the market price per share of common stock on a specific date to the annual earnings per share is referred to as the price-earnings ratio. Group of answer choices True False

Can you please answer the general accounting question?

The par value of a stock * O is legally significant. O reflects the most recent market price. is selected by the SEC. is indicative of the worth of the stock.

The par value of a stock reflects the most recent market price. is immaterial in the majority of cases. O is selected by the SEC. O is indicative of the worth of the stock.

How do you journalize the issuance of stock at par, t premium, and at discount.

When treasury stock is purchased for more than the par value of the stock and the cost method is used to account for treasury stock, what account(s) should be debited? * Treasury stock for the par value and paid-in capital in excess of par for the excess of the purchase price over the par value. Paid-in capital in excess of par for the purchase price. Treasury stock for the purchase price. Treasury stock for the par value and retained earnings for the excess of the purchase price over the par value. When a share split occurs, the aggregate par value of issued shares will change. * True False

Which one of the following is an example of mental accounting? Multiple Choice O associating a security's gains or losses based on its purchase price calculating the gain or loss on a security on a daily basis O computing the amount of tax due on the gain from a stock sale considering the gain realized when a stock pays a dividend comparing the gains and losses on a portfolio to those of the overall market

When treasury stock is purchased for more than the par value of the stock and the cost method is used to account for treasury stock, what account(s) should be debited?Required to answer. Single choice.     a. Treasury stock for the par value and retained earnings for the excess of the purchase price over the par value b. Treasury stock for the purchase price c. Treasury stock for the par value and paid-in capital in excess of par for the excess of the purchase price over the par value d. Paid-in capital in excess of par for the purchase price

When calculating book value per share of common stock, do you also subtract additional paid in capital of preferred stock?

The following table shows your stock positions at the beginning of the year, the dividends that each stock paid during the year, and the stock prices at the end of the year. Company Johnson Controls Medtronic Direct TV Qualcomm Beginning of Year Shares Price Dividend Per Share 500 $ 73.41 $ 1.27 700 58.07 .51 900 25.44 500 43.58 .44 What is your portfolio dollar return and percentage return? Note: Round your answers to 2 decimal places. Dollar return Portfolio Return Percentage return % End of Year Price $ 86.17 54.01 24.89 39.42

Which one of the following is a correct ranking of securities based on their volatility over a very long-term period? Rank from highest to lowest.      - large company stocks, U.S. Treasury bills, long-term government bonds    - small company stocks, long-term corporate bonds, large company stocks    - small company stocks, long-term corporate bonds, intermediate-term government bonds   - large company stocks, small company stocks, long-term government bonds   - intermediate-term government bonds, long-term corporate bonds, U.S. Treasury bills

q7-  Which of the following statements is true? Select one: a. Trailing P/E is based on the current share price and forward P/E is based on next year's forecast share price. b. Trailing P/E is based on last year's share price and forward P/E is based on the current  share price. c. Both trailing and forward  P/E are based on the current share price. d. Trailing P/E is based on last year's share price and forward P/E is based on next year's forecast share price.   Clear my choice