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Answer the questions: True or False PLEASE NEED HELP ASAP 11. In calculating earnings per share,...

Answer the questions: True or False

PLEASE NEED HELP ASAP

11. In calculating earnings per share, companies deduct preferred dividends from net income if the dividends are declared. (T/F)

12. Data on earnings per share data are required on the face of the statement of retained earnings. (t/F)

13. Comprehensive income includes dividend revenue, losses on disposal of assets, and investments by owners. (T/F)

14. Unrealized gains on available-for-sale securities are included in comprehensive income. (T/F)

15. Selling expenses include transportation out, advertising expense, and office salary expense. (T/F)

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Answer #1

11)False, In EPS total earnings are taken without deducting any preference dividend.

12) False, Data on earnings per share data are required on the face of the income statement

13)False, it excludes investment by owners.

14)True, it is recorded in shareholders section

15)False, selling expenses include promotion, packaging expense. Office salary expense in not included therein

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