A business with a simple capital structure would present only basic earnings per share information in its financial statements
Indicate whether the statement is true or false
T
You might also like to view...
Which barrier to collaboration occurs when people are unable to work with the people they don't know well?
A. The not-invented-here barrier B. The search barrier C. The transfer barrier D. The hoarding barrier
The overriding goal of a business is to increase the value of the stakeholders' interest in the business
Indicate whether the statement is true or false
The balance column in a ledger account is:
A. An account entered on the balance sheet. B. A simple form of account that is widely used in accounting to illustrate the debits and credits required in recording a transaction. C. Another name for the dividends account. D. A column for showing the balance of the account after each entry is posted. E. An account used to record the transfers of assets from a business to its stockholders.
All of the following are true of the number of days' sales uncollected ratio except:
A. Reflects the liquidity of receivables. B. Measures how much time is likely to pass before the current amount of accounts receivable is received in cash. C. Can be used for comparisons to other companies in the same industry. D. Can be used for comparisons between current and prior periods. E. Is most effective in evaluating the cash sales of a company.