2008 CFA Level 1 － Sample 样题(3)－Q40 principles, class, accounting, face, otherwise

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40、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.

Crockett, Inc. had 100,000 shares of common stock outstanding on 1 January 2007. The company has no plans to issue additional shares or purchase treasury shares during the year, but does plan either a 2-for-1 stock split or a 100% stock dividend on 1 July. The number of shares that will be used to determine earnings per share at 31 December 2007, if the company uses the 2-for-1 stock split or 100% stock dividend, respectively, is closest to:

      2-for-1 stock split 100% stock dividend

A.   150,000     150,000

B.    150,000     200,000

C.   200,000     150,000

D.   200,000    200,000

A. Answer A

B. Answer B

C. Answer C

D. Answer D

 

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答案和详解如下：

40、Correct answer is D

"Understanding the Income Statement," Thomas R. Robinson, Hennie van Greuning, Elaine Henry, and Michael A. Broihahn

2008 Modular Level I, Vol. 3, pp. 172-173

Study Session 8-32-h

describe the components of earnings per share and calculate a company's earnings per share (both basic and diluted earnings per share) for both a simple and a complex capital structure

Stock dividends and stock splits are treated the same way for purposes of determining weighted average number of shares outstanding; the adjustment in the number of shares is made as if the stock split or dividend occurred at the beginning of the year.

 

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