Q18. Earnings per share (EPS) How is the earnings per share (EPS) calculated? A18. Earnings per share (EPS) = (A) / (B) Where, (A) =
Q19. Notes receivable On December 1, 20×1, Entity A received a promissory note as the collection of accounts receivable from a customer. (a) Face amount
Section 4. Assets Q18. Accounts receivable Entity A collected $9,300 in cash from accounts receivable. Prepare a journal entry to record this transaction. A18. When
Q17. Accrued revenue On December 15, 20×1, Entity A entered into a service contract with a customer. The service was provided on December 29, 20×1
Q17. Return on equity (ROE) How is the return on equity (ROE) calculated? A17. (1) Return on equity (ROE) = Net income / Average stockholders’
Q16. Return on assets (ROA) How is the return on assets (ROA) calculated? A16. (1) Return on assets (ROA) = Net income / Average total