Questions from Intermediate Accounting

Q: Do corporations report the projected benefit obligation and the plan assets as

Do corporations report the projected benefit obligation and the plan assets as individual accounts on the sponsor corporation’s balance sheet?

Q: How do financial statement analysts use earnings per share information?

How do financial statement analysts use earnings per share information?

Q: Is an entity required to present earnings per share on income from

Is an entity required to present earnings per share on income from continuing operations and earning per share on discontinued operations on the face of its financial statements?

Q: Do earnings per share disclosures include a reconciliation of the numbers used

Do earnings per share disclosures include a reconciliation of the numbers used in the computation of EPS to the information provided in the financial statements?

Q: Do firms adjust the numerator of the EPS ratio for preferred dividends

Do firms adjust the numerator of the EPS ratio for preferred dividends if the dividends are declared?

Q: Does the if-converted assumption apply only to diluted earnings per

Does the if-converted assumption apply only to diluted earnings per share?

Q: If all potentially dilutive securities are dilutive (as opposed to antidilutive

If all potentially dilutive securities are dilutive (as opposed to antidilutive), will diluted earnings per share be the same whether there are actual or hypothetical conversions of potentially diluti...

Q: Loggins Lumber Company experienced net losses during the first 2 years of

Loggins Lumber Company experienced net losses during the first 2 years of its operations. Year 3 was the company’s first profitable year. Loggins uses the same accounting methods for...

Q: On March 15, Chief Company acquired 20,000 shares of

On March 15, Chief Company acquired 20,000 shares of its own $2 par value common shares at a cost of $17 per share. Chief had originally issued the shares at $12 per share. On July 5, Chief sold 7,000...

Q: Can diluted earnings per share on bottom-line net income or

Can diluted earnings per share on bottom-line net income or net loss exceed basic earnings per share?