Q1: Earnings per share data are required on the face of the

Group of answer choices

statement of stockholders' equity

balance sheet

statement of retained earnings

income statement

Q2: Norling Corporation reports the following information:

Net income $750,000

Dividends on common stock $210,000

Dividends on preferred stock $ 90,000

Weighted average common shares outstanding 200,000

Norling should report earnings per share of

Group of answer choices

$2.70

$3.75

$3.30

$2.25

Q3: When a company discontinues an operation and disposes of the discontinued operation (component), the transaction should be included in the income statement as a gain or loss on disposal reported as

Group of answer choices

a bulk sale of plant assets included in income from continuing operations

an amount after continuing operations.

a prior period adjustment

an extraordinary item

Q4: Which of the following is included in comprehensive income?

Group of answer choices

Unrealized gains on available-for-sale debt securities.

Distributions to owners

Investments by owners

Changes in accounting principles

Q5: Denis Company reported the following information for 2020:

Sales revenue $940,000

Cost of goods sold 600,000

Unrealized holding loss on derivatives, net of tax 15,000

Unrealized holding gain on available-for-sale debt securities 180,000

Cash dividends received on the securities 8,000

For 2020, Denis Company would report other comprehensive income of

Group of answer choices

$165,000

$188,000

$173,000

$180,000