Question : 181. Book value per common share equals A. total common shareholders’ equity : 1230399

181. Book value per common share equals  
A. total common shareholders’ equity divided by the number of shares outstanding on the date of the balance sheet.
B. total common shareholders’ equity divided by the weighted-average number of shares outstanding during the accounting period.
C. total common shareholders’ equity divided by the number of shares outstanding on the beginning date of the income statement.
D. total shareholders’ equity divided by the number of shares outstanding on the date of the balance sheet.
E. total shareholders’ equity divided by the weighted-average number of shares outstanding during the accounting period.

182. Which of the following is/are true concerning accumulated other comprehensive income? 
A. Firms measure marketable equity securities classified as available for sale at fair value and record the unrealized changes in fair value as an element of other comprehensive income.
B. Firms remeasure derivatives designated as cash flow hedges to fair value at the end of each period and report the unrealized gain or loss in other comprehensive income.
C. Firms translate the reported results of their foreign operations from local currencies into U.S. dollars in order to prepare consolidated financial statements.
D. Firms must include gains and losses from changes in actuarial assumptions, actuarial performance, and prior service cost in other comprehensive income prior to their amortization as an adjustment to pension expense.
E. all of the above

183. Which of the following is/are not true concerning accumulated other comprehensive income? 
A. Firms measure marketable equity securities classified as available for sale at fair value and record the unrealized changes in fair value as an element of other comprehensive income.
B. Firms remeasure derivatives designated as cash flow hedges to fair value at the end of each period and report the unrealized gain or loss in other comprehensive income.
C. Firms translate the reported results of their foreign operations from local currencies into U.S. dollars in order to prepare consolidated financial statements.
D. Firms must include gains and losses from changes in actuarial assumptions, actuarial performance, and prior service cost in other comprehensive income prior to their amortization as an adjustment to pension expense.
E. none of the above

184. Which of the following is/are true concerning accumulated other comprehensive income? 
A. Firms measure marketable equity securities classified as available for sale at fair value and record the unrealized changes in fair value as an element of other comprehensive income.
B. Firms remeasure derivatives designated as cash flow hedges to fair value at the end of each period and report the unrealized gain or loss in other comprehensive income.
C. Firms translate the reported results of their foreign operations from local currencies into U.S. dollars in order to prepare consolidated financial statements.
D. Firms must include gains and losses from changes in actuarial assumptions, actuarial performance, and prior service cost in other comprehensive income prior to their amortization as an adjustment to pension expense.
E. all of the above

185. Which of the following is/are true concerning accumulated other comprehensive income? 
A. Firms measure marketable equity securities classified as available for sale at fair value and record the unrealized changes in fair value as an element of other comprehensive income.
B. Firms remeasure derivatives designated as cash flow hedges to fair value at the end of each period and report the unrealized gain or loss in other comprehensive income.
C. Firms translate the reported results of their foreign operations from local currencies into U.S. dollars in order to prepare consolidated financial statements.
D. Firms must include gains and losses from changes in actuarial assumptions, actuarial performance, and prior service cost in other comprehensive income prior to their amortization as an adjustment to pension expense.
E. all of the above

186. The shareholders’ equity section of the balance sheet reports the sources of financing provided by preferred and common shareholders and their claims on the net assets of the firm. Which of the following is/are true? 
A. The equity of the common shareholders equals the sum of the amounts appearing in the Common Stock, Additional Paid-In Capital, Retained Earnings, Accumulated Other Comprehensive Income, Treasury Stock, and other common-share equity accounts. 
B. The equity of the common shareholders equals the sum of the amounts appearing in the Common Stock, Additional Paid-In Capital, Retained Earnings, and Accumulated Other Comprehensive Income accounts, only.
C. The equity of the common shareholders equals the sum of the amounts appearing in the Common Stock, Additional Paid-In Capital, and Retained Earnings accounts, only.
D. The equity of the common shareholders equals the sum of the amounts appearing in the Common Stock and Additional Paid-In Capital accounts, only.
E. The equity of the common shareholders equals the amounts appearing in the Common Stock account, only.

187. The shareholders’ equity section of the balance sheet reports the sources of financing provided by preferred and common shareholders and their claims on the net assets of the firm. Which of the following is/are true? 
A. The equity of the preferred shareholders usually approximates the liquidation value of the preferred shares.
B. The equity of the preferred shareholders equals the sum of the amounts appearing in the Preferred Stock, Additional Paid-In Capital, Retained Earnings, Accumulated Other Comprehensive Income, Treasury Stock, and other preferred shares equity accounts. 
C. The equity of the preferred shareholders equals the sum of the amounts appearing in the Preferred Stock, Additional Paid-In Capital, and Retained Earnings accounts, only.
D. The equity of the preferred shareholders equals the sum of the amounts appearing in the Preferred Stock and Additional Paid-In Capital accounts, only.
E. The equity of the preferred shareholders equals the amounts appearing in the Preferred Stock account, only.

188. Income from continuing operations includes 
A. gain on the sales of used equipment that is replaced in the current year
B. loss from a discontinued operation
C. loss from an earthquake
D. gain on a change in accounting principle
E. loss resulting from prohibitions under new regulations

189. Treasury shares arise when a corporation reacquires its own previously issued common shares. A reason for reacquiring outstanding common stock is to use the treasury shares in various option arrangements. When holders of stock options, stock rights, stock warrants, and convertible securities exercise their options, firms usually receive 
A. less cash (or market value of other consideration) than the market value of the common stock at the time.
B. a current liability on the books of the reacquiring corporation.
C. more cash (or market value of other consideration) than the market value of the common stock at the time.
D. a long-term liability on the books of the reacquiring corporation.
E. a long-term asset on the books of the reacquiring corporation.

190. A firm decides to issue stock, pursuant to a stock split, on a 2-for-1 basis. What entry is necessary for this issuance? 
A. Retained Earnings
Common Stock–Par Value
B. Additional Paid-in Capital
      Common Stock–Par Value
C. Retained Earnings
Common Stock–Par Value
Common Stock–Additional Paid-in Capital
D. Common Stock–Par Value
Common Stock–Additional Paid-in Capital
      Retained Earnings
E. No journal entry is necessary but the par value of the stock must be restated on a per share basis.