Day 47 - 76% Flashcards
1
Q
A NFP received $1,500 for magazine subscriptions the FMV to the subscribers is $1,000. How much is included in contribution revenue?
A
$500
The amount received above fmv
MCQ-01248
2
Q
When calculating EPS, a 50% stock dividend is calculated based on:
A
Weighted average
MCQ-14850
3
Q
To the investor Stock Dividends are treated how?
A
Increase investment account
NOT TREATED AS INCOME
MCQ-01562
