Q40. On January 15, 2003, Pamelan sold all of its shares in Delta at a price of $11 for a gain of: A) $4 per share. B) $6 per share. C) $1 per share.
Q41. On January 9, 2006, Company X paid $2,000,000 for 100,000 shares of stock in Company S. Originally the company intended on holding the securities for the foreseeable future. As of December 31, the stocks were valued at $2,200,000. In 2006, Company S had earnings per share of $0.90 and paid dividends per share of $0.20. In late December 2006, the company decided to place the securities in their active marketable securities portfolio. What is the impact of this change in status on the value of the assets of Company X? A) $200,000. B) $70,000. C) $0.
Q42. What is the impact of this change in status on the income and the stockholders' equity of Company X? A) Income will rise by $200,000, but stockholders' equity will not change. B) Stockholders' equity will rise by $200,000, but income will not change. C) Income and stockholder's equity will rise by $200,000.
Q43. Assume Company P, a U.S. company, buys 1,000 shares of Company A for $80 per share. During the year, Company A has earnings of $6 per share and pays dividends of $4 per share, and at year-end the share price is $75.
At year-end, Company P will carry this investment as: If no public market
If trading security
If available-for-sale security
A) $80,000 $75,000 $75,000 B) $80,000 $75,000 $80,000 C) $75,000 $75,000 $75,000
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发表于 2009-1-8 10:33
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