Ymontiara Jones - Week 10 Stock Journal Assignment

Question Content Area A corporation purchases 7,546 shares of its own $2 par common stock for $16 per share, recording it at cost. What will be the effect on total stockholders' equity? a. increase by $105, 644 b. increase by $120,736 c. decrease by $120, 736 d. decrease by S 105,644

Assignment Content 1. Determine the Basic and Diluted Earnings Per Share for Company X. All necessary Information is listed below. Show your calculations. 2. In 100 words, or fewer, explain why investors should be more interested in the the Diluted EPS number than the Basic EPS number. Company X information for Diluted Shares calculations for period 201X: Earnings for Year 201X - $20 million Average Basic shares outstanding for Company X in 201X – 10 million Average Stock Price for year 201X - $6.00 Warrants to purchase common shares: - Warrants A to purchase 2 million shares ex @ $2.00 - Warrants B to purchase 3 million shares ex @ $5.00. Assume the A and B Warrants are the only additional securities outstanding (besides the basic shares) for Company X in 201X. Hint: Carefully Review PowerPoint lecture slides 7 - 12, Text pages 245 -246, and the Podcast. Also, there is nothing wrong with looking up other Diluted EPS definitions online.

QS 13-23 (Algo) Basic earnings per share LO A1 Epic Company earned net income of $908,500 this year. There were 450,000 weighted-average common shares outstanding, and preferred shareholders received a $31,000 cash dividend. Compute Epic Company's basic earnings per share. Choose Numerator: Basic Earnings Per Share 1 Saved Choose Denominator: Basic EPS Basic EPS per share

Financial accounting question

You have been given $10,000 to invest in the stock market starting NLT 21 or 22 February, according to your syllabus. With that $10K, you are to “buy” four stocks of your choice for your portfolio, buying as many shares as you need to use up as close to the $10K as reasonably possible. After your initial investment, you can "play the market” as you see fit - buy and hold, trade every day, buy from none to as many different stocks and shares as you wish, but you are constrained by available funds in your portfolio. Money used to buy new shares must come from your portfolio - no outside cash can be infused into your portfolio. Therefore, to buy a new stock or additional shares of ones in your portfolio, you must sell some shares. You do not have to sell the exact number of shares as you purchased originally - any amount between zero up to your original number of shares purchased is OK. Record all transactions on the attached excel spreadsheet. The spreadsheet has been prepopulated with…

Q7 You own shares of a company that reported after-tax earnings of $34 million and has issued 20 million shares of stock. The company's stock price is $23.97 per share. Calculate the company's earnings per share.

Financial Accounting

Financial statement data for the years ended December 31 for Brown Cow Inc. follow:   20Y6 20Y5 Net income $4,243,200   $2,855,360   Preferred dividends $64,000   $64,000   Average number of common shares outstanding 128,000 shares  104,000 shares  a.  Determine the earnings per share for 20Y6 and 20Y5. Round your answers to two decimal places. 20Y6 $fill in the blank 1 per share 20Y5 $fill in the blank 2 per share b.  Does the change in the earnings per share from 20Y5 to 20Y6 indicate a favorable or unfavorable trend?Favorable

Statement of stockholders equity

Self-Assessment Task 6.18 Score Items Bacoor Company had 2,500,000 ordinary shares outstanding on January 1, 2021. An additional 500,000 ordinary shares were issued on April 1, 2021 and 250,000 shares on July 1, 2021. On October 1, 2021, the entity issued 5,000 P1,000 face value, 7% convertible bonds. Each bond is convertible into 40 ordinary shares. No bonds were converted into ordinary shares in 2021. What is the number of shares to be used in computing basic earnings per share and diluted earnings per share, respectively? 2,875,000 and 2,925,000 2,875,000 and 3,075,000 3,000,000 and 3,050,000 3,000,000 and 3,200,000

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General Accounting

Problem 1 about Trading Securities Bank National investment manager invests some of its financial resources in securities trading. During the last quarter of 2018, the following transactions took place in connection with trading securities. Nov. 5. Buy 200 shares of M Company's ordinary shares for $ 86 per share.Nov 19. Buy 300 shares of Company P preferred stock at $ 63 per share.Dec 29 Sold 100 shares of Company M's ordinary shares for $ 89 per share.Dec. 15. Buy 400 shares of T Company common stock for $ 37 per shareDec 17 Company P shares are sold at preference shares at $ 62 per share As of December 31, 2010, the stock market value was as follows:M, $ 87 per share;P, $ 61 per share; andT, $ 37.25 per share.The bank did not have any trading effects at the beginning of the last quarter of 2010. Requested:1. Prepare a journal entry to record the information.2. Show what the bank reported in the 2010 fourth quarter profit and loss statement for these trading securities.3. Show how the…

Selected stock transactions Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in the ledger of Diamondback Welding & Fabrication at the beginning of the current year: Preferred 2% Stock, $200 par (90,000 shares authorized, 45,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $20 par (800,000 shares authorized, 210,000 shares issued) Paid-In Capital in Excess of Par-Common Stock Retained Earnings During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Purchased 48,000 shares of treasury common for $21 per share. b. Sold 24,000 shares of treasury common for $24 per share. c. Issued 23,000 shares of preferred 2% stock at $217. d. Issued 80,000 shares of common stock at $23, receiving cash. e. Sold 16,000 shares of treasury common for $19 per share. f. Declared cash dividends of $4.00 per…

Question 7 of 14 View Policies Current Attempt in Progress Indigo Corporation had 135.600 shares of stock outstanding on January 1, 2020. On May 1, 2020. Indigo issued 48,000 shares. On July 1, Indigo purchased 10,800 treasury shares, which were reissued on October 1. Compute Indigo's weighted-average number of shares outstanding for 2020. Weighted-average number of shares outstanding eTextbook and Media Save for Later Attempts: 0 of 2 used Submit Answer Using multiple attempts will impact your score. 20% score reduction after attempt 1 II

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