Cash flows per share reported in statement of cash flows

Assignment Help Financial Accounting
Reference no: EM131284808

1. Which of the following is correct regarding cash flows per share reported in a statement of cash flows?

a. Only fully diluted cash flows per share should be reported.

b. Both primary and fully diluted cash flows per share should be reported.

c. Cash flows per share should not be reported.

d. Only primary cash flows per share should be reported.

2. U.S. GAAP requires which of the following to be reported at fair value in a company’s financial statements?

Bonds payable

Stock options held as an investment

Written loan commitments

a. II and III only

b. III only

c. None of the above

d. II only

Reference no: EM131284808

Questions Cloud

What you have learned about fossil evidence : Read the Economist article entitled, "Evidence of past tsunamis may indicate the likelihood of future ones" found here then provide what you have learned about fossil evidence.
Does the wide variation in our daily experience require : Does the wide variation in our daily experience require such an extreme regularity of sleep regulation? Since we don't learn or exercise the same amount each day, why do we nevertheless sleep the same amount?
Company to record contingencies in their financial statement : From a general standpoint, why is it important for a company to record contingencies in their financial statements? What accounting principles does this approach apply to?
Uses the interest method of amortizing bond discount : On January 1, 20X0, Celt Corp. issued 9% bonds in the face amount of $1,000,000, which mature on January 1, 20X10. The bonds were issued for $939,000 to yield 10%, resulting in a bond discount of $61,000. Celt uses the interest method of amortizing b..
Cash flows per share reported in statement of cash flows : Which of the following is correct regarding cash flows per share reported in a statement of cash flows? U.S. GAAP requires which of the following to be reported at fair value in a company’s financial statements?
What key tax factors are most influential in mergers : What key tax factors are most influential in mergers and acquisitions? are mergers and acquisitions unique in their tax consequences? A lease is classified as a capital lease because it contains a bargain purchase option. Over what period of time sho..
Describe what the accounting treatment : A company has a provision for long service leave for 35,000. In the same year, the company paid out $5000 in Long service leave to one of its long serving employees. Describe what the accounting treatment is to the $5000 payment and what the tax trea..
When purchasing equity securities above fair value : When purchasing equity securities above fair value, and the excess is only attributable to goodwill. Is the excess amount from goodwill included in the recorded amount of the investment?
Compute the largest tax deduction : Jason Products Co., a calendar year taxpayer, purchased business equipment (7-year property) for $2, 150,000. No other personal property was purchased during the year. Jason wants to take the largest possible tax deduction in 2016 related to this pro..

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the lease liability that stockton should report on

he present value of an annuity due of 1 for 6 years at 12 percent is 4.6048, what is the lease liability that Stockton should report on the balance sheet at December 31, 2008?

  Retirement fund by depositing

Sara decides to set up a retirement fund by depositing $21 at the end of each day for 17 years. How much will she have then, if the interest rate is 6.25% compounded weekly and her account starts with $14,500 already deposited?

  Evaluated and rewarded on the basis of budgetary performance

Linda Ellis, division manager, is evaluated and rewarded on the basis of budgetary performance. Linda, her assistants, and the plant managers are all eligible to receive a bonus if actual divisional profits are between budgeted profits and 120 percen..

  Actual change versus change excluding impairment losses

The Nomura Securities stock report claims that "Operating profits fell 3%, but rose 11% after adjusting for impairment losses." Why do you think Nomura highlighted the difference between actual change versus change excluding impairment losses

  Computation of various variancescold king company is a

computation of various variances.cold king company is a small producer of fruit flavored frozen desserts. for many

  Preparation of bank reconciliation statement from the given

preparation of bank reconciliation statement from the given information.the following information pertains to devries

  Accountant for ps group ltd

You are working as an accountant for PS Group Ltd. Your directors have asked you to prepare the necessary consolidation journal entries (20 marks) and a report (20 marks) answering the following question about consolidation procedures.

  Computation of depreciation and cost of good soldstanislaw

computation of depreciation and cost of good sold.stanislaw timber company owns 9000 acres of timberland purchased in

  What is the breakdown point in units and in sales dollars

Scott Confectionery sells its Stack-0-Choc candy bar for $0.80. The variable cost per unit for the candy bar is $0.45; total fixed costs are $175,000. What is the contribution margin per unit for the Stack -O- Choc candy bar? What is the contribution..

  What is the market rate of return on this stock

The common stock of Eddie's Engines, Inc. sells for $37.73 a share. The stock is expected to pay $3.70 per share next year. Eddie's has established a pattern of increasing their dividends by 5.8 percent annually and expects to continue doing so. What..

  Why depreciation for book and tax purposes useful

Determine the total depreciation to be taken over the useful life of the delivery truck for both book and tax purposes. Explain why depreciation for book and tax purposes will generally be different over the useful life of a depreciable asset.

  Impact that information age has on financial accounting

What are some of the ways that financial information will be changed in the way the information is processed, gathered, and communicated because of changing information technology?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd