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16. If the common shares outstanding are 50,000,000 and book value per share is $19.92 then the total common equity will be
a. 996000000
b. 995000000
c. 992000000
d. 991000000
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Answer: (a).996000000

17. An income available for shareholders after deducting expenses and taxes from revenues is classified as
a. net income
b. net earnings
c. net expenses
d. net revenues
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Answer: (a).net income

18. The security present value is $100 and the future value is $150 after 10 years and value of 'I = interest rate' will be
a. 0.0414
b. 0.00586
c. 0.0069
d. 0.0079
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Answer: (a).0.0414

19. The noncash revenues and noncash charges if it subtracted from net income is equal to
a. free cash flow
b. retained cash flow
c. net cash flow
d. financing cash flow
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Answer: (c).net cash flow

20. An information uses by the investors for expecting future earnings is all recorded in
a. five years report
b. annual report
c. stock report
d. exchange report
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Answer: (b).annual report

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