Reference no: EM132777986
Questions -
Q1. Athens City reported the following information at December 31:
Preferred Stock, $3 par, 10,000 shares authorized $ 8,700
Additional paid-in capital - preferred stock 17,400
Common stock, $2.50 par, 16,000 shares authorized 20,000
Additional paid-in capital - common stock. 8,800
Retained earnings 27,000
Treasury stock, at cost of $5 per share. (3,000)
Total $78,900
How many shares of common stock are outstanding?
a. 7,400
b. 6,900
c. 8,000
d. 7,800
Q2. The following amounts resulted during the year ending December 31 for Staffordshire Products:
Net income $64,500
Pension liability adjustment 9,000
Foreign currency translation adjustments (5,050)
How much is comprehensive income at year-end?
a. $68,450
b. $73,500
c. $59,450
d. $60,550
Q3. The following information is available for Nutritious Nuts, Inc.:
Year 2 Year 1
Dividends per share $ 0.15 $0.12
Earnings per share 0.73 0.80
Market price per share 10.00 9.27
How much is Nutritious Nuts, Inc.'s dividend yield for Year 2?
a. 1.50%
b. 83.04%
c. 6.72%
d. 17.93%
Q4. Which of the following is a common signal that 'share repurchases' send to the capital market?
a. That management feels that it will not achieve its estimated earnings targets
b. That management feels that the current share price undervalues a firm's intrinsic value
c. That dividends will not be paid during the foreseeable future
d. That management feels that a firm's current profits are overstated