On its Form 10-K for the year ended December 31, 2016, Ameri Bank Corp. reported information related to basic earnings per share.Fill in the missing information. Rounding instruction: Round answer a. to two decimal places.Round answer b., c., & d. to the nearest million.Round answer e. to three decimal places. $ millions, except per share amounts 2015 2014 2013Net income $17,287 $4,833d.AnswerPreferred stock dividends $1,483b.Answer $1,349Net income applicable to common shareholders $15,804c.Answer $9,993Average common shares outstanding 10,462.282 10,527.818e.AnswerBasic earnings per sharea.Answer $0.34 $0.94

Basic earning per share is the amount of net income of a company that belongs to holder of 1 share…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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On its Form 10-K for the year ended December 31, 2016, Ameri Bank Corp. reported information related to basic earnings per share.

Fill in the missing information.

Rounding instruction:

Round answer a. to two decimal places.
Round answer b., c., & d. to the nearest million.
Round answer e. to three decimal places.

$ millions, except per share amounts		2015		2014		2013
Net income		$17,287		$4,833	d.	Answer
Preferred stock dividends		$1,483	b.	Answer		$1,349
Net income applicable to common shareholders		$15,804	c.	Answer		$9,993
Average common shares outstanding		10,462.282		10,527.818	e.	Answer
Basic earnings per share	a.	Answer		$0.34		$0.94

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