Matching
Match the items below by entering the appropriate code letter in the space provided.
Premises:
This ratio indicates how much profit is paid out in the form of cash dividends.
A pro rata distribution of the corporation's own shares to shareholders.
A corporation reacquires its own shares but does not retire or cancel them.
A ratio that indicates the profit earned by each common share
The use of a policy in the current year that is different from the one used in the preceding year
All increases and decreases to shareholders' equity except for those from share and dividend transactions.
Any shares purchased or issued during the year are weighted by the fraction of the year they are outstanding.
A component of an enterprise that has been disposed of or is reclassified as "held for sale"
Shows all of the changes in contributed capital, retained earnings, and accumulated other comprehensive income.
The correction of an error in previously issued financial statements.
A change in estimates used because new information is available that indicates a change.
The issue of additional shares to shareholders
Responses:
Change in accounting estimate
Prior period adjustment
Weighted average number of shares
Statement of changes in shareholders' equity
Treasury shares
Comprehensive income
EPS
Stock split
Discontinued Operations
Change in accounting policy
Stock dividend
Payout ratio
Correct Answer:
Premises:
Responses:
This ratio indicates how much profit is paid out in the form of cash dividends.
A pro rata distribution of the corporation's own shares to shareholders.
A corporation reacquires its own shares but does not retire or cancel them.
A ratio that indicates the profit earned by each common share
The use of a policy in the current year that is different from the one used in the preceding year
All increases and decreases to shareholders' equity except for those from share and dividend transactions.
Any shares purchased or issued during the year are weighted by the fraction of the year they are outstanding.
A component of an enterprise that has been disposed of or is reclassified as "held for sale"
Shows all of the changes in contributed capital, retained earnings, and accumulated other comprehensive income.
The correction of an error in previously issued financial statements.
A change in estimates used because new information is available that indicates a change.
The issue of additional shares to shareholders
Premises:
This ratio indicates how much profit is paid out in the form of cash dividends.
A pro rata distribution of the corporation's own shares to shareholders.
A corporation reacquires its own shares but does not retire or cancel them.
A ratio that indicates the profit earned by each common share
The use of a policy in the current year that is different from the one used in the preceding year
All increases and decreases to shareholders' equity except for those from share and dividend transactions.
Any shares purchased or issued during the year are weighted by the fraction of the year they are outstanding.
A component of an enterprise that has been disposed of or is reclassified as "held for sale"
Shows all of the changes in contributed capital, retained earnings, and accumulated other comprehensive income.
The correction of an error in previously issued financial statements.
A change in estimates used because new information is available that indicates a change.
The issue of additional shares to shareholders
Responses:
Related Questions
Q32: Jasper Corporation is preparing its year-end financial
Q33: At July 1, 2020, Peters Corporation had
Q34: Connolly Corporation had the following events during
Q35: The following information is available for Reynolds
Q36: At January 1, 2021, Stevenson Inc. had
Q37: On January 1, 2021, Grieve Grocers Inc.'s
Q38: During 2021, the following independent events occurred
Q39: At December 31, 2021, Sookie Limited has
Q40: Ahab Fisheries Inc. has authorized share capital
Q41: The following information is available for a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents