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Leaming Obiectivs Chll-C 47. Prior period adjustments are reported in the: A) Income stalemens B) Balance sheet Statemest of retained earnings Statement of cash flows Notes to the firancial statements. C) D) E) Learning Obiective: Chll-CS A company had a beginning balance in retained eamings of $43,000. It had net income of $6,000 and paid out cash dividends of in the current period. The ending balance in retained earnings equals: A) $108625 $(12,625). B) C) S 11375 D) $ 43,375 E) $(01,375) Learning Obiective: Chll-AI 49. The amount of income earned per share of a company's common stock is kmown as: A) Restricted retained earnings per share. 8) Earnings per share C) Continuing operations per share D) Dividends per share. E) Book value per share. Leaming Cbjective: Chll-Al 50. Stock options are often used to encourage employees to: A) Focus on company performance. B) Take a long-eun approach. C) Remain with the company D) To help save for retirement by perticipation in profit-sharing plans E) All of the above Leaming Ojective: Ch11-A2 51. Book value per share B) Is assets divided by equity C) Is assets divided by the number of common share outstanding. Measures the worth of assets D) E) Is equal to par value per share. Learning Obiective: Ch11-A2 52. Book value per share is often used as a starting point for: A) Stock valuation B) Merger negotiations. C) Price setting for public tilities D) Loan contracts. E) All of the above. Leaming Obiectivs: Chll-A3 Dividend yield is the percent of cash dividends paid to common shareholders relative to the: A) Common stock's market value. B) Earnings per share. C) Investors' purchase price of the stock. D) Amount of retained carnings E) Amount of cash. 53. Learming Obiective: Chl1-A3 s4. The annual amount of cash dividends distributed to common shareholders relative to the common stock's market value is Dividend payout ratio. B) Dividend yield. C) Price-camings ratio. D) A) Current yield. Earmings per share. E) 14

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