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13. ABC declared and paid cash dividends in Januar...

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13. ABC declared and paid cash dividends in January of the current year to its common shareholders. The dividend (Points : 5) Will be added to the numerator of the earnings per share fraction for the current year Will be added to the denominator of the earnings per share fraction for the current year. Will be subtracted from the numerator of the earnings per share fraction for the current year. Has no effect on the earnings per share for the coming year 14. Treasury stock will (Points : 5) Increase stockholder?s equity Decrease stockholder?s equity Have no effect on stockholder?s equity Increase the par value of common stock while decreasing the value of preferred stock 15. Which of the following is an example of a change in accounting principle? (Points : 5) A change in inventory costing methods A change in the estimated useful life of a depreciable asset A change in the actuarial life expectancies of employees under a pension plan. Consolidating a new subsidiary

 

Paper#9279 | Written in 18-Jul-2015

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