Question

Problem 1: In the space provided, write the word or phrase that is defined or indicated. 1. Net income minus preferred dividends divided by the weighted average of shares outstanding. 2. All changes in equity during a period except those resulting from investments by owners and distributions to owners. ni 3. A correction of an error is reported as a ~ 4. The portion of equity interest in a subsidiary not attributable to the parent company. * 5. The income statement category for a disposal of a component of a business. w 6. Relating tax expense to specific items on the income statement. o

Answer 1

Solution: 2 Net Income minus prefered Earning per share dividends divded by the weighted is arciage of Shases eluttanding. All changes in equity during (2) Comprehensive a period encept those resulting Ircome from investments by owners and distributions to aconess. 3. Tirein 4. A Correction of an essor is a prior peried reported as The Portion of equity justerest 4) Non Controlling in a subsidiary nod attribur Interest (NCL) table to the pascut compay The inconul steetcument Categels els continued for a disposal fa componenty Operations 5. of a businen Relatung fax enpeuse to on the name 6) Intraperied tax allocation. specific items on the nome Statement