Franklin Company had 100 shares of common stock issued and outstanding at December 31, 2017. On July 1, 2018, Ferris issued a 10 percent stock dividend. Unexercised stock options to purchase 20 shares of common stock (adjusted for the 2018 stock dividend) at $20 per share were outstanding at the beginning and end of 2018. The average market price of Franklin’s common stock (which was not affected by the stock dividend) was $25 per share during 2018. The ending market price was $40. Net income for the year ended December 31, 2018, was $2,200. What was Franklin’s 2018 diluted earnings per share, rounded to the nearest cent?

Q: As a result of this stock dividend, Ziek's total stockholders' equity

A: Given information is: On May 1, 2019, Ziek Corp. declared and issued a 10% ordinary stock dividend.…

Q: In 2018, DeFi Hub Inc. had 600 weighted average shares of common stock outstanding and reported net…

A: These are the Instruments which gives rights to the holder to acquire the equity shares of the…

Q: Stanley Department Stores reported net income of $755,000 for the year ended December 31, 2021.…

A: By dividing a company's revenue or profit by the total number of outstanding shares, basic EPS is…

Q: On January 1, 2021, Tonge Industries had outstanding 760,000 common shares ($1 par) that originally…

A: Answer:-  Formula:-  Earnings per share = (Net income - Preferred dividends) / Weighted average of…

Q: What dividends are the preferred stockholders entitled to receive in the current year before any…

A: Answer:   $464,000

Q: On January 2, 2017, Marigold Corporation issued 76000 shares of 6% preferred stock at $100 par…

A: A dividend is part of a company's profit which is the distribution of a part of a corporation's…

Q: tanley Department Stores reported net income of $720,000 for the year ende dditional Information:…

A: Earning per share : Earnings per share(EPS) is a company's net profit divided by nomber of…

Q: mmon stock was issued. On January 1, 2025, Cullumber issued 410000 shares of nonconvertible…

A: Earnings per common share means net income or earning attributable for each common shareholder.

Q: On January 1, 2018 Juniper Corporation issued 60,000 shares of its total 200,000 authorized shares…

A: Company means a form of business where the share holder invest money in business in form of shares…

Q: On January 1, 2020, Company D issued 6,000 shares of its $2 par Common Stock when the market price…

A: Common stock: Common stock is an equity ownership in organization. Common stockholders have a…

Q: Otis Thorpe Corporation has 10,000 shares of $100 par value, 8%, preferred stock and 50,000 shares…

A: A cumulative preferred stock implies that a preferred stockholder is entitled to receive dividends…

Q: Nottebart Corporation has outstanding 10,000 shares of $100 par value, 6% preferred stock and 60,000…

A: Formulas:

Q: On December 31, 2017, Beta Company had 270,000 shares of common stock issued and outstanding. Beta…

A: Earnings per share is one of important measure or metric being used in business. It shows how much…

Q: On January 1, 2020, Metlock Corporation had $2,120,000 of $10 par value common stock outstanding…

A: Balance Sheet -Both the total assets of the business and their financing method—debt or equity—are…

Q: oOn January 1, 2020, Kingbird Corporation had $2,020,000 of $10 par value common stock outstanding…

A: A log book is used to record a business transaction in an organization's accounting records. A…

Q: Determine the weighted average number of shares for computing the current earnings per share.…

A: The weighted average number of shares is calculated on the basis of the time period for which stocks…

Q: On December 31, 2023, Contreras Corp. has 1,500 shares outstanding of $20 par value 6% preferred…

A: As per IAS 33, Earnings per share  In case of cumulative Preferred Dividend the arrears of dividend…

Q: Stanley Department Stores reported net income of $788,000 for the year ended December 31, 2024.…

A: The earnings per share is a measure of profitability for a common share. The inventory uses this…

Q: Company had 490, 000 shares of common stock outstanding during the year 2025. In addition, 77, 000…

A: Shares -Investments are made by investors who trade funds for shares, which are units of ownership…

Q: Bentiey Corporation received cash from issuing 12,000 shares of common stock at par on January 1,…

A: Issue of common stock is one of the ways in which the companies can raise funds for financing the…

Q: Daniel Corporation had net income for 2024 of $73,000. Daniel had 15,000 shares of common stock…

A: The earning per share indicates the earning attributable to one unit of common shares. The EPS is…

Q: Whispering Corporation had 106,800 shares of stock outstanding on January 1, 2020. On May 1, 2020,…

A: The weighted average number of shares outstanding is based on the number of shares and duration of…

Q: On January 1, 2020, Kingbird Corporation had $2,020,000 of $10 par value common stock outstanding…

A: A journal entry is a record of a firm's business activity that is retained in the company's…

Q: At the beginning of 2019, Hardin Company had 300,000 shares of $10 par common stock outstanding.…

A:

Q: Kimber Inc. reported net income of $177,500 during 2021.  At January 1, 2021 Kimber had 100,000…

A: EPS stands for earning per share. A company has two types of EPS i.e basic and diluted. Basic EPS is…

Q: Francis Company has 24,000 shares of common stock outstanding at the begining of 2019. Francis…

A: 1. Calculation of weighted average number of outstanding shares  as,

Q: Skysong Company has 23,000 shares of $1 par common stock issued and outstanding. The company also…

A: The cumulative preference dividend is to be paid if in arrears. The preferred shareholders have the…

Q: Stanley Department Stores reported net income of $788,000 for the year ended December 31, 2021.…

A: Introduction: To evaluate the performance of the company, stockholders widely use earnings per share…

Q: On December 31, 2020, Merlin Company had outstanding 400,000 shares of common stock and 40,000…

A: Calculation of Net Income available to common shareholders: Net Income available = Total Net Income…

Q: At the beginning of 2019, Hardin Company had 280,000 shares of $10 par common stock outstanding.…

A: The shares that are with investors are said to be issued and outstanding shares.

Q: On January 2, 2014, Sunland Corporation issued 29700 shares of 5% cumulative preferred stock at $100…

A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…

Q: Chauncey Corporation began business on June 30, 2016. At that time, it issued 20,000 shares of $50…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

Q: On January 1, 2020, Kingbird Corporation had $2,090,000 of $10 par value common stock outstanding…

A: July 1: Issuance of StockStep 1: Calculate total cash received220,000 shares x $12/share =…

Q: Clark Company has 100,000 shares of common stock ($1 par value) outstanding on January 1, 2017, with…

A: Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders issued…

Q: On January 1, 2020, Blossom Corporation had 106,000 shares of no-par common stock issued. 5,000…

A: The journal entries are prepared to keep the record of day to day transactions of the business on…

Q: In 2018, Western Transport Company entered into the treasury stock transactions described below. In…

A: Journal entry: Journal entry is a set of economic events that can be measured in monetary terms.…

Q: Nathan's Athletic Apparel has 1,100 shares of 6%, $100 par value preferred stock the company issued…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

Q: Sheridan Company acquired 21400 shares of its common stock at $18 per share on February 5, 2025, and…

A: The treasury stock includes the own shares of the company that are repurchased from the…

Q: Stanley Department Stores reported net income of $881,000 for the year ended December 31, 2021.…

A: Net Income is the difference between the revenue and the expenses of the business. The preference…

Q: On January 1, 2018, Tonge Industries had outstanding 800,000 common shares ($1 par) that originally…

A: Data given: Jan1, 2019: No. of outstanding common shares=800,000 Oct.1, 2018: No. of additional…

Q: On January 1, 2021, Sue Company had 3,000,000 shares of its common stock issued and outstanding. Sue…

A: Earnings per share are the earnings of the shareholders on each share purchased. The earnings per…

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.