A company has 1 million shares outstanding on January 1, 2017 and issues 300,000

Question

A company has 1 million shares outstanding on January 1, 2017 and issues 300,000 new shares on April 1, 2017. The weighted average shares outstanding in 2017 (the company has a December 31st fiscal year-end) is:

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Question 31 pts

Which of the following is not a common cash flow challenge?

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Question 41 pts

Company's usually prefer a cash-to-cash cycle that is __________ , in order to _________________-.

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Question 51 pts

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Question 61 pts

Comprehensive income is defined as __________________ .

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Question 71 pts

On page 178 the textbook includes an excerpt from the notes to the financial statements for Air Canada. Air Canada sells flight passes to customers that enable them to take unlimited flights during a period of time. The note indicates that Air Canada recognises revenue from these passes ___________________ .

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Question 81 pts

Which of the following statements is true regarding earnings per share?

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Question 91 pts

The direct approach to presentation of a cash flow statement differs from the indirect approach in which section?

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Question 101 pts

If a company has made arrangements with their bank to borrow money in months when their bank account balance is negative, the company has:

Explanation / Answer

Solution : Q.1 (b) 1,225,000 shares

weighted average shares outstanding = 1,000,000+ 300,000 x 9/12 =1,225,000 shares

Q.31 (d) A long cash-to-cash cycle.

Q.41 (c) longer ; improve profitability

Q 61 (d) the total change in shareholders' equity from non-owner sources.

Q71 (c) evenly over the period for which the pass is valid.

Q81 (b) It appears on the company's statement of income.

Q91 (c) Operating activities

Q101 (c) overdraft protection.

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