9. The accounting concept or principle that is perhaps the greatest single cause
ID: 2366374 • Letter: 9
Question
9. The accounting concept or principle that is perhaps the greatest single cause in distorting the results of financial statement analysis is the: (Points : 2) matching principle. historical cost concept. conservatism principle. time value of money concept. 10. DeHoag Corporation provided the following information from its financial records: Net income $200,000 Number of common shares outstanding 1/1 200,000 Common stock dividends $10,000 Number of common shares outstanding 12/31 300,000 Sales $800,000 What is the amount of the company's earnings per share? (Points : 2) $0.72 $0.76 $0.80 $3.20 11. Costs such as transportation-out, sales commissions, uncollectible accounts receivable, and packaging are sometimes called: (Points : 2) upstream costs. indirect costs. direct costs. downstream costs.Explanation / Answer
historical cost concept is probably the greatest single cause of distorted financial statement analysis results. ==================== 10. DeHoag Corporation provided the following information from its financial records: Net income $200,000 Number of common shares outstanding 1/1 200,000 Common stock dividends $10,000 Number of common shares outstanding 12/31 300,000 Sales $800,000 What is the amount of the company's earnings per share? (Points : $0.72 $0.76--------CORRECT ANSWER $0.80 $3.20
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