13. Which of the following should be presented in the statement ofchanges in equity?a. For each component of equity, the effects of retrospectiverestatement recognized in accordance with PAS 8.b. For each component of equity,comprehensive income by item.an analysisc. The amount of dividends recognized as distributions to ownersduring the period and the related amount of dividends pershare.d. All of these.of other7

Statement of changes in equity is a statement which shows the transactions with the owners' of…

Answered: 3. Which of the following should be…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

Stockholders' equity consists of which of the following? Multiple Choice Paid-in (or contributed) capital and retained earnings. Retained earnings and cash. Long-term assets. Paid-in (or contributed) capital and par value. Premiums and discounts. k
Which of the following equations is correct? Multiple Choice Asset Liabilities-Shareholders' Equity Assets + Liabilities Shareholders' Equity Ending Retained Earnings Beginning Retained Earnings-Net Income Dividends Net Income Expenses-Revenues
5. Know the calculations for all of the following ratios (see ratio sheet that can be used on the exam) and know the category (listed in Question 4) they fall in: Formula Category/Use Ratio Working Capital Current Assets - Current Liabilities Net credit sales/Average Accounts Receivable Turnover accounts receivable Asset Turnover Net sales/Average total assets Net income/Average total stockholders' equity Total liabilities/Total stockholders equity Net income/Net sales Return on Equity (ROE) Debt to equity Return on Sales (ROS) (also known as Net Margin Current Assets/Current Liabilities Cost of goods sold/Average inventory Quick assets/Current Current Ratio Inventory Turnover Quick Ratio liabilities Dividend Yield Dividends per share/Market price per share Net earnings available for common stock/Number of outstanding common shares Net income/Average total Earnings per Share (EPS) Return on Investment (ROI) assets Price Earnings Ratio (P/E) Market price per share/Earnings per share…
Tr.5.
The ratio percentage of earnings retained is the same as that termed : A- dividend yield B- dividend payout C- this year's retained earning to net income D- return on common equity
Which of the following may take the form of dividend income and/or capital appreciation? a. bond investments b.gain from an investment c.equity investments d.expected rate of return
2. The date on which liability for dividends must be recorded a. Date of record b.Date of issuance c.Date of payment d. Declaration date
2. Appropriation for accumulated profits, if reflected in separate account, shall be shown as a. Component of equity as part of share premium b. Component of total liabilities as current liability c. Component of total assets as noncurrent assets d. Component of equity as part of reserves
Required Indicate the effect of each of the following transactions on (1) the current ratio, (2) working capital, (3) stockholders' equity, (4) book value per share of common stock, and (5) retained earnings. Assume that the current ratio is greater than 1:1 (Indicate the effect of each transaction by selecting "+" for increase, "-"for decrease, and leave the cell blank if there is no effect.). a. Collected account receivable. b. Wrote off account receivable. c. Converted a short-term note payable to a long-term note payable. d. Purchased inventory on account. e. Declared cash dividend f. Sold merchandise on account at a profit. g. Issued stock dividend h. Paid account payable. i. Sold building at a loss. Retained Value Earnings Current Working Stockholders Book Ratio Capital Equity
Under What heads of the balance sheet will you classify the followings:1) Proposed Dividends2) Interest Accrued and due on secured loans 3) Interest Accrued and due on unsecured Loans4) Provision for Taxation5) Arrears of fixed accumulative dividends6) Security premium Account7) Share Forfeiture account.
6. Unrealized gains and losses on investments in trading securities are reported a. as a current assetb. on the income statementc. on the balance sheet as part of stockholders' equityd. as a contra asset
Identify the different types of dividends. How much is debited to Retained Earnings upon declaration of each types of dividends?

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