Calculate basic and diluted EPS for the shareholders of company X. Company X reported earnings were 55.000.000 EUR of which 5.000.000 was attributable to minority shareholders. At the beginning of the period the company had 20.000.000 common shares outstanding. At the beginning of the fourth quarter the company issued new shares and the number of common shares outstanding increased to 24.000.000 Total amount for preferred dividends accounted for 8.000.000 EUR. Preferred shares are convertible to 5.000.000 common shares.

Calculate basic and diluted EPS for the shareholders of company X. Company X reported earnings were 55.000.000 EUR of which 5.000.000 was attributable to minority shareholders. At the beginning of the period the company had 20.000.000 common shares outstanding. At the beginning of the fourth quarter the company issued new shares and the number of common shares outstanding increased to 24.000.000 Total amount for preferred dividends accounted for 8.000.000 EUR. Preferred shares are convertible to 5.000.000 common shares.

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter12: Corporations: Organization, Stock Transactions, And Dividends

Section: Chapter Questions

Problem 4COP: Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31,...

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Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31, 2016, were as follows: a. Issued 15,000 shares of 20 par common stock at 30, receiving cash. b. Issued 4, 000 shares of 80 par preferred 5% stock at 100, receiving cash. c. Issued 500,000 of 10-year, 5% bonds at 104, with interest payable semiannually. d. Declared a quarterly dividend of 0.50 per share on common stock and 1.00 per share on preferred stock. On the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held, and 20,000 shares of preferred stock were outstanding. e. Paid the cash dividends declared in (d). f. Purchased 7,500 shares of Solstice Corp. at 40 per share, plus a 150 brokerage commission. The investment is classified as an available-for-sale investment. g. Purchased 8,000 shares of treasury common stock at 33 per share. h. Purchased 40,000 shares of Pinkberry Co. stock directly from the founders for 24 per share. Pinkberry has 125,000 shares issued and outstanding. Equinox Products Inc. treated the investment as an equity method investment. i. Declared a 1.00 quarterly cash dividend per share on preferred stock. On the date of record, 20,000 shares of preferred stock had been issued. j. Paid the cash dividends to the preferred stockholders. k. Received 27,500 dividend from Pinkberry Co. investment in (h). l. Purchased 90,000 of Dream Inc. 10-year, 5% bonds, directly from the issuing company, at their face amount plus accrued interest of 37 5. The bonds are classified as a held-to-maturity long -term investment. m. Sold, at 38 per share, 2,600 shares of treasury common stock purchased in (g). n. Received a dividend of 0 .60 per share from the Solstice Corp. investment in (f). o. Sold 1,000 shares of Solstice Corp. at 45, including commission. p. Recorded the payment of semiannual interest on the bonds issue d in (c) and the amortization of the premium for six months. The amortization is determined using the straight-line method . q. Accrued interest for three months on the Dream Inc. bonds purchased in (I). r. Pinkberry Co. recorded total earnings of 240 ,000. Equinox Products recorded equity earnings for its share of Pinkberry Co. net income. s. The fair value for Solstice Corp. stock was 39. 02 per share on December 31, 2016. The investment is adjusted to fair value , using a valuation allowance account. Assume Valuation Allowance for Available-for-Sale Investments h ad a beginning balance of zero. Instructions 1. Journalize the selected transactions. 2. After all of the transaction s for the year ended December 31, 201 6, had been poste d [including the transactions recorded in part (1) and all adjusting entries), the data that follows were taken from the records of Equinox Products Inc. a. Prepare a multiple-step in come statement for the year ended December 31, 201 6, concluding with earnings per share . In computing earnings per share, assume that the average number of common shares outstanding was 100,000 and preferred dividends were 100,000. ( Round earnings per share to the nearest cent.) b. Prepare a retained earnings statement for the year ended December 31, 20 6. c. Prepare a balance sheet in report form as of December 31, 2016.
Alvarado Company had the following common stock balances and transactions during the current year: (Click the icon to view the common stock balances and transactions.) What was the number of Alvarado's current-year weighted-average shares outstanding for basic EPS? ○ A. 78,000 B. 73,250 ○ C. 72,500 OD. 71,500 Data table - January 1 March 1 May 1 Common stock outstanding 60,000 Issue of a 10% common stock dividend Issue of common stock 6,000 9,000 3,000 November 1 Issue of common stock for cash 78,000 December 31 Common stock outstanding ×
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The following information was extracted from the records of Cascade Company at the end of the fiscal yea were completed: Common stock ($0.01 par value; 230,000 shares authorized, 55,500 shares issued, 53,500 shares outstanding) Additional paid-in capital Dividends declared and paid during the year Retained earnings at the end of the year Treasury stock at cost (2,000 shares) Net income Current stock price Required: 1. Prepare the stockholders' equity section of the balance sheet at the end of the fiscal year. 2. Compute the dividend yield ratio. Determine the number of shares of stock that received dividends. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the dividend yield ratio. Determine the number of shares of stock that received dividends. Note: Do not round your intermediate calculations. Round Dividend yield ratio to 2 decimal places. Dividend yield ratio Number of shares % $ 555 459,000 23,500 315,000 (16;500) $ 96,500 $ 10 >
Kelley Company reports $960,000 of net Income and declares \$120,000 of cash dividends on its preferred stock for the year. end, the company had 400,000 weighted-average shares of common stock 1. What amount of net income is available to commion stockholdels?2. What is the company's basic EPS ?
On 5 March 20X7, Marchant Ltd issued 200,000 5% irredeemable GHS 1 preference shares. In accordance with IAS 32 Financial Instruments: Presentation, how will these shares and their related dividend be shown in Marchant Ltd’s financial statements for the year ended 31 March 20X7? Shares Dividend A Non-current liabilities Income statement B Non-current liabilities Statement of changes in equity C Equity Income statement D Equity Statement of changes in equity
On January 1, 2020, FAB Co. had 100,000 ordinary shares outstanding. During 2020, the following transaction occurred: On March 1, the company had 2-for-1 share split; On June 1, the company issued 30,000 additional shares and on September 1, the company had 20% stock dividend. What was the weighted average number of shares outstanding for 2020?A. 276,000B. 261,000C. 256,000D. 230,000
An entity provided the following shareholders' equity at year-end:Ordinary share capital, P100 par, 72,000 shares 7,200,000Subscribed ordinary share capital, 12,000 shares 1,200,000Subscription receivable 400,000Treasury shares, 4,000 at cost 600,000Retained earnings 2,000,000What is the book value per ordinary share?
On January 1, 2024, Martinez Enterprises Inc. had 61,000 common shares, recorded at $366,000. The company follows IFRS. During the year, the following transactions occurred: Apr. 1 Issued 4,000 common shares at $8 per share. June 15 Declared a 5% stock dividend to shareholders of record on September 5, distributable on September 20. The shares were trading for $10 a share on June 15. Announced a 1-for-2 reverse stock split. Shares were trading at $8 per share at the time. Sept. 21 Nov. 1 Issued 3,000 common shares at $20 per share. Dec. 20 Repurchased 10,000 common shares for $18 per share. This was the first time Martinez had repurchased its own shares. Record each of the transactions. Keep a running balance of the average per share amount of the common shares. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the…
Ebberle Company reported the following in the shareholders' equity section of its statement of financial position at 30 June 2018. The fully paid shares were previously issued $3.00 on application, $1.00 on allotment and an $0.50 call: Ordinary shares $76 500 Retained earnings $25 000 Total shareholders' equity $101 500 Which of the following is right according to the information above? Earnings per share (EPS) for this company is $2.50 Earnings per share (EPS) for this company is $2.67 The company issued 15 000 shares The company issued 17 000 shares
Some of the account balances of Wildhorse Limited at December 31, 2022, are as follows: $7 Preferred shares (1.600 shares authorized, 1.600 shares issued and outstanding) Common shares (unlimited authorized, 50.000 shares issued and outstanding) Contributed surplus Retained earnings Accumulated other comprehensive income (31) The price of the company's common shares has been increasing steadily on the market; it was $19 on January 1, 2023, and advanced to $22 by July 1 and to $25 at the end of 2023. The preferred shares are not openly traded but were appraised at $118 per share during 2023. Wildhorse follows IFRS and had net income of $154,000 during 2023. For the purpose of this question, ignore any dividend entitlement to the preferred shareholders. The company declared a property dividend on April 1. Each common shareholder was to receive one share of Blossom Corp. for every 10 shares outstanding Wildhorse had 7,500 shares of Blossom (2% of the outstanding shares), which it had…
The following data were taken from the statement of financial position accounts of Cha-Cha Corporation on Dec 31, 2019. Current Assets $ 270,000 Investments $ 312,000 Share Capital - Ordinary (par Value $10) $ 300,000 Share Premium - Ordinary $ 75,000 Retained Earnings $ 420,000 Prepare the required Journal Entries for the following unrelated items! 1. A 5% share dividend is declared and distributed at a time when the market price of the shares is $39 per share. 2. The par value of the ordinary shares is reduced to $2 with a 5-for-1 share split. 3. A dividend is declared January 10, 2020 and paid January 28, 2020, in bonds held as an investment. The bonds have a book value of $ 0f $45,000 and a fair value $ 62,500.