ear Corporation had the following common stock record during the current calendar year: Outstanding-January 1 100,000 Additional shares issued 3/31 5,000,000 Distributed a 10% stock dividend on 6/30 Shares reacquired 9/30 100,000 What is the number of shares to be used in computing basic EPS? A. 5,500,000. B. 4,210,000. C. 5,303,750. D. 5,050,

ear Corporation had the following common stock record during the current calendar year: Outstanding-January 1 100,000 Additional shares issued 3/31 5,000,000 Distributed a 10% stock dividend on 6/30 Shares reacquired 9/30 100,000 What is the number of shares to be used in computing basic EPS? A. 5,500,000. B. 4,210,000. C. 5,303,750. D. 5,050,

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

4.Weighted-Average Common Shares Outstanding Information Provided: Common Shares Balance at the beginning of the year 5,000,000 shares On July 1, the company sold an additional 8,000,000 shares  Explain how weighted-average common shares outstanding is calculated. Explain why (walk through the calculation) the weighted-average common shares outstanding based on the information above is 9 million shares.  Explain why preferred shares are excluded when determining weighted-average common shares outstanding.  Why are preferred dividends subtracted out of net income when determining EPS?  Why are preferred dividends only subtracted from income from continuing operations and not also subtracted out
Sabas Company has issued and outstanding 45,000 shares of $100 par, 5% preferred stock and 110,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1 Year 2 Year 3 $471,000 442,000 500,000 Determine the dividend per share for preferred and common stock for each year. If required, round your answers to two decimal places. Dividend per share: Preferred stock Common stock Year 1 Year 2 Year 3
I need the answer as soon as possible
Rahul
A corporation purchases 9,515 shares of its own $10 par common stock for $18 per share, recording it at cost. What will be the effect on total stockholders' equity? a.decrease by $171,270 b.increase by $171,270 c.decrease by $76,120 d.increase by $76,120
What is the diluted earnings per share?(Present answer in 2 decimal places, example: x.xx)
Dividends Per Share Oceanic Company has 15,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: 20Y1 $45,000 20Y2 12,000 20Y3 90,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Preferred Stock(dividends per share) Common Stock(dividends per share) 20Y1 $ $ 20Y2 $ $ 20Y3 $ $
Subject:
Fuerman Incorporated had the following common stock record during the current calendar year Outstanding, beginning of year Additional shares issued 6/30 2,850,000 230,000 Additional shares issued 9/30 230,000 A 12% stock dividend was paid on December 1. What is the number of shares to be used in computing basic EPS? Multiple Choice 3,320,800 3,022,500 3,449,600 3,385,200
A-7
Financial statement data for the years ended December 31 for Cottontop Corporation follow: 20Y3 20Y2 Net income $768,750 $627,750 Preferred dividends $117,000 $117,000 Average number of common shares outstanding 55,000 shares 45,000 shares a. Determine the earnings per share for 20Y3 and 20Y2. Round your answers to two decimal places. 20Y3 $fill in the blank 1 per share 20Y2 $fill in the blank 2 per share b. Does the change in the earnings per share from 20Y2 to 20Y3 indicate a favorable or unfavorable trend?
The balance sheet caption for common stock is the following: Common stock, $5 par value, 2,920,000 shares authorized, 1,560,000 shares issued, 1,070,000 shares outstanding Calculate the dollar amount that will be presented opposite this caption. $?