Correct Answer:
A. Rs. 4.50
EPS = (500,000 - 50,000) / 100,000 = Rs. 4.50.
November 13, 2026 · Accounting and Finance MCQs, Financial Management & Analysis MCQs
Net income is Rs. 500,000, preference dividends are Rs. 50,000 and weighted average ordinary shares are 100,000. Earnings per share (EPS) is:
Related MCQs
Under the accrual basis of accounting in the public sector, transactions are recognized when:
A.
Cash is received only
B.
Cash is paid only
C.
They occur, regardless of when cash is received or paid
D.
The budget is approved
Correct answer is:
C. They occur, regardless of when cash is received or paid
Do you agree with this answer?
A by-product is a product that:
A.
Has the greatest sales value of all products
B.
Is produced after the split-off by choice
C.
Cannot be sold
D.
Has a relatively minor sales value compared with the main product
Correct answer is:
D. Has a relatively minor sales value compared with the main product
Do you agree with this answer?
Who has primary responsibility for the prevention and detection of fraud?
A.
The external auditor only
B.
The shareholders only
C.
The tax authority
D.
Management and those charged with governance
Correct answer is:
D. Management and those charged with governance
Do you agree with this answer?
A qualified audit certificate on government accounts may be given when:
A.
The accounts are perfect
B.
The auditor finds material errors or is unable to obtain sufficient evidence on specific items
C.
The department refuses to pay audit fees
D.
The budget is surplus
Correct answer is:
B. The auditor finds material errors or is unable to obtain sufficient evidence on specific items
Do you agree with this answer?
The management assertion of completeness means that:
A.
All recorded transactions actually occurred
B.
All transactions and balances that should have been recorded have been recorded
C.
All assets are owned by the entity
D.
All items are stated at fair value
Correct answer is:
B. All transactions and balances that should have been recorded have been recorded
Do you agree with this answer?
Public debt is best described as:
A.
The accumulated stock of past government borrowing
B.
The annual budget deficit only
C.
The tax revenue of a year
D.
The money supply
Correct answer is:
A. The accumulated stock of past government borrowing
Do you agree with this answer?
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