Which does not appear in the statement of retained earnings?

Select one:

a. Net loss

b. Prior period error

c. Preferred share dividend

d. Gain on sale of discontinued operations

The basic and diluted EPS must be presented in the statement under what standard?

Select one:

a. ASPE

b. IFRS

c. Both ASPE and IFRS

d. None of the available choices

Earnings per share is calculated only on

Select one:

a. Common Shares

b. Both Preferred shares and Common shares

c. Preferred shares

d. Cumulative and Non-participating Preferred Shares

As more installment payments of notes payable are made, the amount going toward reducing the principal increases while the amount of interest _______?

Select one:

a. increases

b. decreases

c. remain constant

d. none of the choices

Assume that a corporation has $15,250,000 in total assets, $7,250,000 in shareholders' equity. What is the debt -to-total asset ratio?

Select one:

a. .48 to 1

b. .52 to 1

c. .55 to 1

d. .45 to 1