1. What amount should be reported as basic earnings per share?a. 6.00b. 5.50c. 5.002. What amount should be reported as diluted earnings per share?a. 6.88b. 6.11c. 5.24 parvalue.n 2 Issued 1,500,000 ordinary shares for cash.in. 3 Entered an agreement with the companypresident to issue up to 200,000 additionalordinary shares in 2022 based on the earnings ofthe entity in 2022.If net income exceeds P10,000,000, the presidentwill receive 100,000 shares and 200,000 shares ifnet income exceeds P12,000,000.Dec.31Net income for 2021 was P11,000,000.

Shareholders also invest money in the company and in return they become the owners in proportion to…

Answered: What amount 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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View Policies Current Attempt in Progress Retained earnings is increased by each of the following except O prior period adjustments. O some disposals of treasury stock. Chall of these increase retained earnings. O net income. eTextbook and Media Save for Later Attempts: 0 of 2 %23 24 2 3 4. 8 W e y h a
15 )
Q39 Return that a shareholder gets from the company, out of its profits, on his shareholdings, is called a. Dividends b. Retained Earnings c. Return on Shareholdings d. Return on Earnings
9
a. Times interest earned ratio times b. Earnings per share on common stock c. Price-earnings ratio d. Dividends per share of common stock e. Dividend yield % %24
13
36 - In which financial statement are the incomes that cause an increase in equity and expenses that cause a decrease in equity? a) Balance B) Profit Distribution Table NS) Income statement D) Equity Changes Table TO) Cash Flow Statement
d. mutual agency for stockholders 20. Stockholders' equity a. is usually equal to cash on hand b. is shown on the income statement c. includes paid-in capital and liabilities d. includes retained earnings and paid-in capita blec bise
True or False, pls explain why 5) Dividend retention ratio equals dividends dividend by net income True False
Question 13 1.25 points Save Answer The cumulative effect of the declaration and distribution of a stock dividend on a company's balance sheet is to: O A. increase assets and stockholders' equity O B. decrease retained earnings and increase paid-in capital Oc. decrease paid-in capital and stockholders' equity O D. decrease current liabilities and stockholders' equity
Coronado Corporation had net income for the current year ending December 31, 2023 of $1,164,700. Throughout 2023 the following items were outstanding: ● ● ● 394,000 common shares 20,500 Class A $3 cumulative preferred shares that were convertible to common shares at a rate of 1:1 50,000 Class B $4 non-cumulative preferred shares that were convertible at a rate of 1 common share for every 2 preferred shares. $476,000, 8% bonds that were convertible to 14,000 common shares $360,000, 10% bonds convertible to 12,000 common shares No dividends were declared or paid in 2023. Coronado's tax rate is 25%.
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