**Faigen Academy Surplus Stock Overview**Faigen Academy Surplus had 20,000 shares of common stock and 8,000 shares of 5%, $5 par value preferred stock outstanding through December 31, 2024. - **Income from continuing operations for 2024:** $310,000- **Loss on discontinued operations (net of income tax saving):** $16,000**Task:**Compute Faigen's earnings per share (EPS) for 2024, starting with income from continuing operations. Round to the nearest cent. (Enter all EPS amounts to the nearest cent, $X.XX. Use parentheses or a minus sign for amounts reducing the income from continuing operations.)**Instructions:**Begin by selecting the formula to compute the earnings per share.- **Earnings per share =** [Input Box]

Answered: Image /qna-images/answer/043cb26c-5993-4ac4-aed2-0912ea2511fc.jpg

Faigen Academy Surplus had 20,000 shares of common stock and 8,000 shares of 5%, $5 par value preferred stock outstanding through December 31, 2024. Income from continuing operations discontinued operations (net of income tax saving) was $16,000. Compute Faigen's earnings per share for 2024, starting with income from continuing operations. Round to the nearest cent. (Enter all EPS amounts to the nearest cent, $x.XX. Use parentheses the income from continuing operations.) Begin by selecting the formula to compute the earnings per share. Earnings per share =

Faigen Academy Surplus had 20,000 shares of common stock and 8,000 shares of 5%, $5 par value preferred stock outstanding through December 31, 2024. Income from continuing operations discontinued operations (net of income tax saving) was $16,000. Compute Faigen's earnings per share for 2024, starting with income from continuing operations. Round to the nearest cent. (Enter all EPS amounts to the nearest cent, $x.XX. Use parentheses the income from continuing operations.) Begin by selecting the formula to compute the earnings per share. Earnings per share =

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

he financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions except share data) 2021 2020 Sales $ 9,343 $ 10,434 Net income $ 230 $ 748 Stockholders' equity $ 1,760 $ 2,240 Average Shares outstanding (in millions) 640 - Dividends per share $ 0.33 - Stock price $ 8.10 - Required:Calculate the following ratios for Friendly Fashions in 2021. (Enter your Dividend yield and Price-earning ratio values to 2 decimal places. Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).)
At December 31, 2024, Oriole Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 109,261 shares Common stock, $5 par, 4,099,840 shares Income from continuing operations before taxes Discontinued operations (loss before taxes) Preferred dividends declared Common dividends declared During 2025, Oriole did not issue any additional common stock. The following also occurred during 2025. Effective tax rate $10,926,100 20,499,200 Earnings Per Share $24,649,800 3,399,100 1,092,610 2,322,900 35% Compute earnings per share data as it should appear in the 2025 income statement of Oriole Corporation. (Round answers to 2 decimal places, e.g. 1.48.)
Selected information regarding the accounts of Infinity Minerals Corp. follows: Common shares, unlimited authorized, 51,000 shares issued and outstanding, December 31, 2022 Common dividends declared and paid during 2023 Cumulative effect of change in accounting estimate (net of $7,200 tax) Profit for the year ended December 31, 2023 Preferred dividends declared and paid during 2023 Preferred shares, $4.90 non-cumulative, 15,100 shares orized, issued, and outstanding, December 31, 2022 Retained earnings, December 31, 2022 (as originally reported) Balance, January 1 Balance, December 31 Next Prepare a statement of changes in equity for the year ended December 31, 2023, assuming 7,100 common shares were issued during 2023 at an average price of $21.94 per share and that no preferred shares were issued in 2023. (Negative answers should be indicated by a minus sign.) INFINITY MINERALS CORP. Statement of Changes in Equity For Year Ended December 31, 2023 Preferred Shares $ $1,075,000 121,000…
Do not give image format
Bramble Corp. reported the following balances at December 31, 2021: common stock $408,000, paid-in Capital in Excess of Par- common stock $106,000, and retained earnings $242,000. During 2022, the following transactions affected stockholders' equity. 1. 2. 3. 4. Issued preferred stock with a par value of $128,500 for $209,000. Purchased treasury stock (common) for $36,500. Earned net income of $135,000. Declared and paid cash dividends of $52,500. Prepare the stockholders' equity section of Bramble Corp's December 31, 2022, balance sheet.
Accounting NEED ASAP PLEASE AND THANK U! Sheridan Company had 219,600 shares of common stock outstanding on December 31, 2021. During the year 2022, the company issued 8,000 shares on May 1 and retired 14,000 shares on October 31. For the year 2022, Sheridan Company reported net income of $265,000 after a loss from discontinued operations of $43,200 (net of tax). What earnings per share data should be reported at the bottom of its income statement? (Round answers to 2 decimal places, e.g. $2.55.) Sheridan Company Income Statement December 31, 2022
answer must be in table format or i will give down vote
need help with working
Mobley Corp. has 9,468,000 shares of common stock and 504,000 shares of preferred stock outstanding for the entirety of 2023. During 2023, Mobley Corp. reports $91,270,000 of net income reports $91,148,000 of comprehensive income declares and pays dividends of $1.13 per common share declares and pays dividends of $3.00 per preferred share What will Mobley report on its 2023 income statement as Earnings Per Share?
Faccone Academy Surplus had 60,000 shares of common stock and 9,000 shares of 20%, $15 par value preferred stock outstanding through December 31, 2024. Income from continuing operations for 2024 was $711,000, and loss on discontinued operations (net of income tax saving) was $36,000. Compute Faccone's earnings per share for 2024, starting with income from continuing operations. Round to the nearest cent. (Enter all EPS amounts to the nearest cent, $X.XX. Use parentheses or a minus sign for amounts reducing the income from continuing operations.) Now, compute Faccone's earnings per share for 2024, starting with income from continuing operations. Earnings per Share of Common Stock (60,000 shares outstanding): Income From Continuing Operations Loss From Discontinued Operations Net Income
Calculate: -cost of common equity from retained earnings, using the CAPM method. - cost of new common stock based on the CAPM
The following financial information is available for Wildhorse Corporation. (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income Payout ratio 2022 Return on common stockholders' equity $2,526 $2,608 298 40 504 2021 2022 635 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal place, e.g. 12.5%.) 40 556 % % 2021 % %