NO.PZ2019120301000053
问题如下:
Question
Selected financial data follows for Companies A, B, C:
选项:
A.Company A
B.Company C
C.Company B
解释:
Solution
B is correct. The following table shows the calculation of each company's P/E using comprehensive income.
Company C, has the lowest P/E based on using comprehensive income.
A is incorrect because Company A has the lowest unadjusted P/E at 18.0 (27/[150/100]), but it has the highest adjusted P/E based on comprehensive income.
C is incorrect because Company B has the lowest adjusted P/E only if the common stock dividends paid are erroneously subtracted in finding the comprehensive income used for the adjusted P/Es. The erroneous calculations are as follows:
Common stock dividends are distributions to owners and, as such, they result in a change in equity that is not considered in determining comprehensive income.
comprehensive income=NI+OCI,为什么此题还要减去一个dividend