Baldwin Company had 51,000 shares of common stock outstanding on January 1, 2021. On April 1, 2021, the company issued 31,000 shares of common stock. The company had outstanding fully vested incentive stock options for 21,000 shares exercisable at $12 that had not been exercised by its executives. The average market price of common stock for the year was $14. What number of shares of stock (rounded) should be used in computing diluted earnings per share?

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A: Retained earnings: It is a part of stockholders' equity within which the dividend is reduced by…

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A: 1. EPS:Earnings per share (EPS) is calculated as a company's profit divided by the outstanding…

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A: Weighted average no of shares = Opening outstanding shares + shares issued * period used /12 -…

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A: Dividend distribution is a method of distributing profit among the company's shareholders. The…

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A: Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders issued…

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A: Earnings per common share means net income or earning attributable for each common shareholder.

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

Q: On December 31, 2023, the Bennett Company had 110,000 shares of common stock issued and outstanding.…

A: Earnings per share :— It is calculated by dividing net income available to equity shareholders by…

Q: Calculate earnings per share for 2020 as it should be reported to shareholders. (Round answer to 2…

A: Earnings per shares refers to the profit earned by each shareholder after paying all the expenses of…

Q: Oriole Company had net income for 2021 of $603000. The average number of shares outstanding for the…

A: The corporation used to identify diluted EPS for evaluating the per share earnings if the…

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A: Weighted average number of common shares outstanding are calculated to calculate the Basic earning…

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A: The question is based on the concept of Financial Accounting.

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A: Earnings per share is one of important measure or metric being used in business. It shows how much…

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A: Closing Retained Earnings = Opening retained Earnings + Net Income - Dividend

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A: Weighted average outstanding common stock =  50000 shares + 20000*9/12…

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A: Shares -Investments are made by investors who trade funds for shares, which are units of ownership…

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A: Introduction: A journal entry is a record of a commercial transaction kept in an organization's…

Q: n 2021, Ehrlich Corporation reported net income of $700,000. It declared and paid preferred stock…

A: Solution: Earnings per share is the monetary value of earnings per outstanding share of common stock…

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A: The weighted average number of shares is computed based on the period for which shares are…

Q: 3) ABC Corp. had 600,000 shares of common stock outstanding on January 1, issued 800,000 shares on…

A: Earning per share = (Net income - preferred dividend) / weighted average number of shares

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A: Earning Per Share is the amount of total earning of the firm in a financial year, available to…

Q: outstanding had increased to 8,31

A: Stockholders are the Persons of entities whom the company issues its ownership rights in the form of…

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A: The weighted average number of common shares is used in earning per share calculation. The stock…

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A: GIIVEN   Mar. 1  Purchased 6,000 shares at $9 per share.June 1  Sold 1,500 shares at $13 per…

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A: The cumulative preference dividend is to be paid if in arrears. The preferred shareholders have the…

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A: Treasury stock refers to the stock reacquired by the company and company pays cash to acquired these…

Q: Common stock with a $10,000 par value was sold for $50,000 cash Cash dividends totaling $20,000 were…

A: If the market value of the shares rises, common investors stand to gain financially, and they can…

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A: Notes: 1) Net income available for common shareholders = Net Income - Preferred Share Dividend =…

Q: Blue Cab Company had 50,000 shares of common stock outstanding on January 1, 2021. On April 1, 2021,…

A: Diluted earnings per share (EPS) is a metric used to analyze the quality of a company's EPS after…

Q: The books of Oriole corporation carried the following account balances as of December 31, 2020. Cash…

A: The answer is stated below:

Q: For the year ended December 31, 2021, Norstar Industries reported net income of $950,000. At January…

A: It means the profit which has been earned or the net profit which has been earned by an organisation…

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.