Homework Help is Here – Start Your Trial Now!
Business
Accounting
7. In computing basic earnings per share, the amount of preference dividends on noncumulative preference shares shall be a. Deducted from net income whether declared or not b. Deducted from net income only when declared c. Added to net income only when declared d. Ignored

7. In computing basic earnings per share, the amount of preference dividends on noncumulative preference shares shall be a. Deducted from net income whether declared or not b. Deducted from net income only when declared c. Added to net income only when declared d. Ignored

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
7. In computing basic earnings per share, the amount of preference dividends on noncumulative preference shares shall be a. Deducted from net income whether declared or not b. Deducted from net income only when declared c. Added to net income only when declared d. Ignored 8. Earnings per share shall be computed on the basis of a. Ordinary shares outstanding at the end of the year b. Ordinary shares outstanding at the beginning of the year c. Ordinary shares outstanding at the middle of the year d. Average ordinary shares outstanding during the year 9. In computing basic earnings per share, an entity would include which of the following? a. Dividends on nonconvertible cumulative preference shares b. Dividends on ordinary shares c. Interest on convertible bonds d. Number of nonconvertible cumulative preference shares
Transcribed Image Text:7. In computing basic earnings per share, the amount of preference dividends on noncumulative preference shares shall be a. Deducted from net income whether declared or not b. Deducted from net income only when declared c. Added to net income only when declared d. Ignored 8. Earnings per share shall be computed on the basis of a. Ordinary shares outstanding at the end of the year b. Ordinary shares outstanding at the beginning of the year c. Ordinary shares outstanding at the middle of the year d. Average ordinary shares outstanding during the year 9. In computing basic earnings per share, an entity would include which of the following? a. Dividends on nonconvertible cumulative preference shares b. Dividends on ordinary shares c. Interest on convertible bonds d. Number of nonconvertible cumulative preference shares
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS