At December 31, 2017 and 2018, Funk & Noble Corporation had outstanding 820 million shares of commonstock and 2 million shares of 8%, $100 par value cumulative preferred stock. No dividends were declared oneither the preferred or common stock in 2017 or 2018. Net income for 2018 was $426 million. The income taxrate is 40%. Calculate earnings per share for the year ended December 31, 2018.

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A: Working Note #1 Calculation of weighted average common shares outstanding:   Weighted average common…

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Q: Compute diluted earnings per share

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A: Formula: Earnings per share = (Net Income - Preferred dividends) / No. of common shares outstanding…

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A: Solution: Introduction:   EPS stands for Earning Per share, which is a measure of financial…

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Q: The 2017 income statement of Coronado Company showed net income of $945,000 and a gain from…

A: EPS: EPS stands for Earnings per share. It tells about the profit earned on each share.

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A: Earnings per share is a financial ratio, which divides net earnings available to common shareholders…

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A:

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A:

Q: Sarunas Corporation reported net income of $300,000 in 2018 and had 200,000 shares of common stock…

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Q: Pharoah Corporation reported net income of $359,700 in 2020 and had 54,800 shares of common stock…

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.