stockholders’ equity section of the balance sheet 1. The retained earnings statement a. is the owners’ equity statement for a corporation. b. will show an addition to the beginning retained earnings balance for an understatement of net income in a prior year. c. will not reflect net losses. d. will, in some cases, fail to reconcile the beginning and ending retained earnings balances. 2. In the stockholders’ equity section of the balance sheet, a. Common Stock Dividends Distributable will be classified as part of additional paid-in capital. b. Common Stock Dividends Distributable will appear in its own subsection of the stock- holders’ equity. c. Additional Paid-in Capital appears under the subsection Paid-in Capital. d. Dividends in arrears will appear as a restriction of Retained Earnings. 3. The return on common stockholders’ equity is computed by dividing net income available to common stockholders by a. ending total stockholders’ equity. b. ending common stockholders’ equity. c. average total stockholders’ equity. d. average common stockholders’ equity. 4. The return on common stockholdersâ€™ equity is computed by dividing a. net income by ending common stockholdersâ€™ equity. b. net income by average common stockholdersâ€™ equity. c. net income less preferred dividends by ending common stockholdersâ€™ equity. d. net income less preferred dividends by average common stockholdersâ€™ equity. 5. Kong Inc. reported net income of $270,000 during 2013 and paid dividends of $26,000 on common stock. It also has 10,000 shares of 6%, $100 par value cumulative preferred stock outstanding. Common stockholders’ equity was $1,200,000 on January 1, 2013, and $1,600,000 on December 31, 2013. The company’s return on common stockholders’ equity for 2013 is: a. 17.4% b. 15.0% c. 13.1% d. 19.3% Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help
We employ a number of measures to ensure top quality essays. The papers go through a system of quality control prior to delivery. We run plagiarism checks on each paper to ensure that they will be 100% plagiarism-free. So, only clean copies hit customers’ emails. We also never resell the papers completed by our writers. So, once it is checked using a plagiarism checker, the paper will be unique.
FALL 2018 HOMEWORK HELP| ASSIGNMENT HELP,…