Bank of America reports the following amounts in its 2020 10-K report. Fill in the missing amounts in the table below. All dollar values and share quantities are in millions except per-share amounts. Net income Preferred stock dividends Net income available to common shareholders Average common shares outstanding Basic earnings per share 2020 $17,894.0 1,421.0 16,473.0 8,753.2 [Select] ✓ 2019 $27,430.0 [Select] v [Select] ✓ 9,390.5 $2.77 2018 [Select] V 1,451.0 26,696.0 [Select] $2.64

Bank of America reports the following amounts in its 2020 10-K report. Fill in the missing amounts in the table below. All dollar values and share quantities are in millions except per-share amounts. Net income Preferred stock dividends Net income available to common shareholders Average common shares outstanding Basic earnings per share 2020 $17,894.0 1,421.0 16,473.0 8,753.2 [Select] ✓ 2019 $27,430.0 [Select] v [Select] ✓ 9,390.5 $2.77 2018 [Select] V 1,451.0 26,696.0 [Select] $2.64

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Lyon Company shows the following condensed income statement information for the year ended December 31, 2019: Lyon declared dividends of 6,000 on preferred stock and 17,280 on common stock. At the beginning of 2019, 10,000 shares of common stock were outstanding. On May 1, 2019, the company issued 2,000 additional common shares, and on October 31, 2019, it issued a 20% stock dividend on its common stock. The preferred stock is not convertible. Required: 1. Compute the 2019 basic earnings per share. 2. Show the 2019 income statement disclosure of basic earnings per share. 3. Draft a related note to accompany the 2019 financial statements.
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Please read and answer question susing the table provided
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