The cost of dividend payable on redeemable preference shares should be included in______. Select one: a. in the statement of income after identifying profit after tax b. in the statement of income before identifying the profit before tax c. as a deduction in the statement of changes in equity d. in the statement of income as a deduction prior to identifying profit from operations

Q: Define each of the following terms.b. Cumulative dividends; arrearages

A: Cumulative dividend: It may be a power related to a given firm's preferred shares. A set amount or…

Q: Name the two main components of stockholders’ equity. Describe the main sources of change in each…

A: Stockholder’s Equity is the amount of remaining assets if all the liabilities in the business are…

Q: We should report Dividends as:-  Select one: a. financing activity-inflow b. financing activity-…

A: Cash flow statement is the summary of inflow and outflows of cash in 3 categories of operating,…

Q: Which of the following describes the purpose of the statement of shareholders' equity? Multiple…

A: Stockholde's equity statement includes issuance of common and preferred stock, Additional paid in…

Q: Certain changes that cause adjustments in the current and future periods: a. Changes in Financial…

A: Definition:

Q: Th e item “retained earnings” is a component of: C . shareholders’ equity.

A: The proportion of the entity’s net income is ploughed back as an investment for the run of the…

Q: The profit and loss statement is also known as the O a. Statement of financial position O b.…

A: The profit and loss statement is prepared to find net profits or losses during period.

Q: Which of the following statements best explains the company's profits generated for owners during…

A: Financial statements include income statement, statement of stockholder's equity, balance sheet and…

Q: Payment of a divdend will :  A. Decrease net income  B. Increase net income  C. Decrease retained…

A: when companies earn income they share income with shareholders by way of dividend.

Q: d. Operating expenses e. Earnings available for common stockholders f. Total assets g. Total common…

A: According to the question given, we need to compute the financial ratios to measure the performance…

Q: In a financial statement or other financial forms, where do I find or how do I find: Net Income/…

A: Financial Statements are the official or formal records of the financial activities of the business.…

Q: The amount of income a company reports in its financial statements is known as ________. Group of…

A: The objective of the question is to identify the correct term for the income a company reports in…

Q: m retained earningsi or the fact that

A: Retained earnings are part of equity of the owner. It is the income earned and retained in business.…

Q: Which of the following would appear on a multiple-step income statement but not on a single-step…

A: Multi step Income Statement An financial statements with multiple steps lists a company's financial…

Q: Which statement below is true? Retained earnings unappropriated is shown as part of reserves in the…

A: Accounting policies are the  principles rules and practices that are applied by entity in preparing…

Q: The shareholders of the company gets share in the profit. This distribution of profit is called as O…

A: The distribution of the profits by the company to the shareholders is called the Dividend... Option…

Q: Ratios or Percentages Definitions 1. Inventory turnover ratio 2. Dividend yield ratio 3. Return on…

A: Financial ratios enable the standardization of the reporting of a firm's financial performance and…

Q: Write a note on dividend. To who is dividend is paid?

A: Dividends are paid to the shareholders of the company.

Q: Which of the following best represents operating income? Seleccione una: Oa. Income after financing…

A: Income after financing activities (option a): This option describes the net income remaining after…

Q: Which item of the income statement represents the taxable income of the firm?     EBIT…

A: Taxable income is the income after deducting all the expenses in the business, before applying tax…

Q: Ski West, Incorporated, operates a downhill ski area near Lake Tahoe, California. An all-day adult…

A: As per dual concept of accounting, every transaction has dual impact on the books of accounts.The…

Q: Briefly explain the following: Balance Sheet Income Statement Statement of Changes in Financial…

A: Balance sheet: Balance sheet is a main part of financial statement. It shows as on date financial…

Q: Which component of the statement of owner's equity represents the accumulated profits or losses of…

A: Net income: This option is incorrect because net income represents the profit or loss for the…

Q: Dividends is reported in the equity section of the statement of financial position        Select…

A: Dividends are the part or share of profits that is being distributed to the shareholders of the…

Q: To find out the total amount of dividends distributed by the company, one should refer to   Choices;…

A: Introduction:- The following are main financial statements of company as follows under:- Income…

Q: Which of the following statements correctly describe PE ratio? a. Price of ordinary share on the…

A: Financial Ratio analysis is the formula used to analyse and evaluate the relationship between two or…

Q: It is required to present earnings per share for: Select one: a. income from continuing operations…

A: The measure of a company's profitability that is given to each existing share of common stock is…

Q: The income statement might also be called all of the following except: Group of answer choices…

A: Income statement: The income statement determines the net income of the business by subtracting the…

Q: purchase of shares

A: A discount given to employees for the purchase of shares is recognized as a/n ____________…

Q: Examine the link between the income statement, the statement of retained profits, and the balance…

A: Financial statements prepared by the business organizations include income statements, Financial…

Q: Dividends are reported on the income statement. retained earnings statement. balance sheet. income…

A: Balance sheet is a financial statement that shows list of final ending balance of assets,…

Q: EBIT is Select one: O a. equity before tax and interest O b. gross profit O c. net profit O d. EBT…

A: EBIT means earnings before interest and taxes. This is an important element of income statement of…

Q: 1. Which of the following would appear first in a statement of retained earnings?  Choices; Cash…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Define Statement of retained earnings

A: The statement of retained earnings is a statement that depicts the amount of profit retained by the…

Q: Which of the following will result when a dividend is paid? A debit to dividends payable. A credit…

A: Concept used : When dividend is paid then journal entry will be to debit the dividend payable and…

Q: A statement that is prepared to know the changes in the capital of a sole proprietor is

A: The sole proprietorship is the most simplest form of business organization. A single person owns the…

Q: The two basic sources of stockholders' equity are OA. assets and equity. B. preferred and common. C.…

A: Equity is the contribution of owners' funds in the business. The two main sources of equity are the…