q11 - extraordinary income and disposal of a segment...

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Question 1 0 out of 0 points Profitability is the ability of the firm to generate earnings. Answer Selected Answer: Correct Answer: Question 2 0 out of 0 points In profitability analysis, absolute numbers are more meaningful than relative numbers because the analyst needs to know if one firm earned more dollars than the other. Answer Selected Answer: Correct Answer: Question 3 0 out of 0 points Changes in the cost of goods sold can have a substantial impact on gross profit margin Answer Selected Answer: Correct Answer:
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Question 4 0 out of 0 points An interim period is a fiscal period less than one year. Answer Selected Answer: Correct Answer: Question 5 0 out of 0 points In order to compute gross profit margin, the income statement must be in single-step format. Answer Selected Answer: Correct Answer: Question 6 0 out of 0 points Nonrecurring items such as
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Unformatted text preview: extraordinary income and disposal of a segment require separate earnings per share disclosure. Answer Selected Answer: Correct Answer: • Question 7 0 out of 0 points When a stock split occurs, earnings per share must be adjusted retroactively. Answer Selected Answer: Correct Answer: • Question 8 0 out of 0 points Book value per share measures the current value of the net assets on a per share basis. Answer Selected Answer: Correct Answer: • Question 9 0 out of 0 points Stock appreciation rights give the employee compensation at a future date, based on the market price at the date of exercise in excess of a pre-established dollar market. Answer Selected Answer: Correct Answer: • Question 10 0 out of 0 points Financing leverage refers to the existence of fixed operating costs. Answer Selected Answer: Correct Answer: Response Feedback:...
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