Earnings Per Share Is Calculated by Comparing an Entity's

question 24

Multiple Choice

Earnings per share is calculated by comparing an entity's:

• A) revenue with the number of ordinary shares it has on issue
• B) profit with the number of shareholders
• C) profit with the number of ordinary shares it has on issue
• D) revenue with the number of shareholders

Define and identify different documents used in job order costing, including time tickets, materials requisitions, and receiving reports.

Calculate direct materials, direct labor, and factory overhead costs applied to jobs.

Understand the flow of costs in a job order cost accounting system from direct materials, direct labor, and factory overhead to Work in Process, Finished Goods, and Cost of Goods Sold.

Recognize how to record the transfer of costs from one production account to another, including Work in Process to Finished Goods, and Finished Goods to Cost of Goods Sold.

---

Definitions:

Legal Factors

Elements within the regulatory environment that affect businesses, including laws, regulations, and legal systems.

Nonprofit Firms

Organizations that operate for purposes other than making a profit, often focusing on social, charitable, or community-oriented goals.

Charitable Giving

Charitable giving is the act of donating money, goods, or time to non-profit organizations or causes, often as a way to support societal, environmental, or cultural issues.

Economic Factors

The external financial conditions and trends that influence a business's operations, such as inflation, employment levels, economic growth, and exchange rates.