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| Teaching Since: | May 2017 |
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| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
M17-1 For purposes of computing the weighted average number of shares outstanding during the year, a midyear event that must be treated as occurring at the beginning of the year is the
a.     Issuance of stock warrants
b.    Purchase of treasury stock
c.     Sale of additional common stock
d.    Declaration and payment of stock dividend
M17-2 In determining basic earnings per share, dividends on nonconvertible cumulative preferred stock should be
a.     Deducted from net income only if declared
b.    Deducted from net income whether declared or not
c.     Added back to net income whether declared or not
d.    Disregarded
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