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.
1. What amount should be recognized as share premium at year-end? 2. What amount should be reported as share capital at year-end? 3. What is the total shareholders’ equity at year-end? 4. How many shares are outstanding at year-end?
Abs Company had 20,000 ordinary shares outstanding on January 1 of the current year. On May 1, the entity issued 10,500 ordinary shares. Outstanding all year were 10,000 nonconvertible and noncumulative preference shares on which the annual dividend of P40 per share was paid in December. The net income for the current year was P967,000. What amount should be reported as basic earnings per share? 18.60 35.80 21.00 28.40
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 ×
A company had 125.000 shares of commaon stock outstanding on January 1 and then sold 35,000 additionsl shares on March 30. Net income for the year was $594.750. What are eamings per share? Select one O a S0.01. O S4.58. O c. 54.73. Od. $3.03.
Tipp Corporation's adjusted trial balance on December 31, 2XX1 includes the following account balances: Ordinary share capital, P10 par, 60,000 shares issued, 55,000 shares outstanding Share premium - ordinary shares Treasury shares at cost Retained earnings, appropriated for treasury shares Retained earnings, appropriated for contingencies Retained earnings, appropriated for bond redemption Retained earnings, unappropriated What is the total shareholders' equity? Give your answer in this format X,XXX,XXX (disregard the pesos sign). ? 280,000 75,000 75,000 80,000 180,000 150,000
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lyah Company provided the following data at year-end: Authorized share capital 5,000,000 Unissued share capital 2,000,000 Subscribed share capital 1,000,000 Subscription receivable 400,000 Share premium 500,000 Retained earnings unappropriated 600,000 Retained earnings appropriated 300,000 Treasury shares 200,000 What total amount should be reported as shareholders' equity? Select the correct response O 5,100,000 O4,400,000 4,500,000 4,800,000 < Previous
Please answer in good accounting form. Thankyou What is the total shareholders' equity at year-end?
Morrison Corporation had the following common stock record during the current calendar year: Outstanding-January 1 Additional shares issued 3/31 Distributed a 10% stock dividend on 6/30 Additional shares issued 9/30 What is the number of shares to be used in computing basic EPS? Multiple Choce 2.110.000 2.326.550 2,110,000 111,000 2,440.325 111,000
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 ?