Numerator + Denominator = Earnings per Share Basic = Diluted ཀ ÷ =
Q: On December 31, 2023, Berclair Incorporated had 360 million shares of common stock and 12 million…
A: EPS stands for Earnings Per Share. It is the ratio formula used to determine the earnings of the…
Q: On December 31, 2023, Berclair Incorporated had 320 million shares of common stock and 9 million…
A: Earning per share is the tool for disclosing the earnings available to equity shareholders of a…
Q: Required: Compute Berclair's basic and diluted earnings per share for the year ended December 31,…
A: Earnings per share:EPS is the ratio between the net profit and outstanding shares of the company. It…
Q: On December 31, 2023, Berclair Incorporated had 480 million shares of common stock and 18 million…
A: The objective of the question is to calculate the basic and diluted earnings per share (EPS) for…
Q: On December 31, 2020, Berclair Inc. had 600 million shares of common stock and 3 million shares of…
A: Earnings per shareEarnings per share (EPS) is the measure that helps the entities in assessing the…
Q: On December 31, 2023, Berclair Incorporated had 320 million shares of common stock and 9 million…
A: Earnings per share is the earnings per common share available to common stockholders of the company.…
Q: On December 31, 2020, Berclair Inc. had 440 million shares of common stock and 8 million shares of…
A: Earnings per share (EPS) is a financial metric that measures a company's net profit divided by its…
Q: On December 31, 2023, Clarkson Company had 100,000 shares of common stock outstanding and 30,000…
A: It represents the portion of a company's profit allocated to each outstanding share of common stock.…
Q: On December 31, 2017, Berclair Inc. had 340 million shares of common stock and 6 million shares of…
A: Earning Per Share ( EPS) : The amount of earnings made available to each common share is referred to…
Q: Required: Compute Berclair's basic and diluted earnings per share for the year ended December 31,…
A: Earning per ShareThe earnings of a corporation is divided by the number of existing shares of its…
Q: On December 31, 2020, Berclair Inc. had 520 million shares of common stock and 5 million shares of…
A: Earning per share refers to the income earned by the outstanding shareholders from the net income…
Q: On December 31, 2023, Berclair Incorporated had 400 million shares of common stock and 14 million…
A: Answer:- Earnings per share:- EPS is the ratio between the net profit and outstanding shares of the…
Q: On December 31, 2023, Ainsworth, Incorporated had 850 million shares of common stock outstanding. •…
A: The earnings (loss) per share is computed by dividing the net income available to equity…
Q: On December 31, 2023, Berclair Incorporated had 200 million shares of common stock and 3 million…
A: Calculate the weighted average shares outstanding for basic EPS:Shares at the beginning of the year…
Q: On December 31, 2023, Berclair Incorporated had 540 million shares of common stock and 6 million…
A: >Earnings per share is calculated as Net Income available for common stockholders 'divided by'…
Q: On December 31, 2023, Berclair Incorporated had 520 million shares of common stock and 3 million…
A: As the name suggests, earnings per share refer to the income earned by the stockholders or…
Q: On December 31, 2020, Berclair Inc. had 540 million shares of common stock and 21 million shares of…
A: The financial metric known as earnings per share (EPS) reveals how much of a company's net income is…
Q: On December 31, 2023, Berclair Incorporated had 360 million shares of common stock and 4 million…
A: Earnings per share is the earnings per common share available to common stockholders of the Company.…
Q: On December 31, 2023, Berclair Incorporated had 380 million shares of common stock and 4 million…
A: Earnings per share show the company's earnings from each share of stock used for estimating…
Q: In 2022, Margaritaville's Products completed the treasury stock transactions described below.…
A: Date Description Debit Credit January 3 Cash A/c $2,730,000 To Common Shares A/c…
Q: On December 31, 2023, Berclair Incorporated had 320 million shares of common stock and 5 million…
A: Answer:- Earnings per share:- EPS is the ratio between the net profit and outstanding shares of the…
Q: On December 31, 2023, Berclair Incorporated had 300 million shares of common stock and 9 million…
A: Earnings per share:EPS is the ratio between the net profit and outstanding shares of the company. It…
Q: On December 31, 2020, Berclair Inc. had 320 million shares of common stock and 3 million shares of…
A: Basic Earning per share is how much shareholders can earn on a single share. Diluted Earning per…
Q: On December 31, 2020, Berclair Inc. had 300 million shares of common stock and 5 million shares of…
A: EPS termed as Earnings per share which refers to the monetary value of the earnings per outstanding…
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: On December 31, 2020, Berclair Inc. had 280 million shares of common stock and 3 million shares of…
A: Basic EPS = ( net income - preference dividend ) / Weighted average number of common shares…
Q: Stanko Company reported $752.4 million in net income in 2024. On January 1, 2024, the company had…
A: Earnings per share (EPS) is a financial ratio used to evaluate the profitability of a company on a…
Q: On December 31, 2023, Berclair Incorporated had 460 million shares of common stock and 3 million…
A: A measure of a company's profits per share that accounts for the possible dilution of current shares…
Q: On December 31, 2017 Berclair Inc. had 500 million shares of common stock and 19 million shares of…
A: Net Income 950 Less: Preferred Dividend (100*9%*19) 171 Net Income for EPS…
Q: On December 31, 2020, Berclair Inc. had 440 million shares of common stock and 3 million shares of…
A: Diluted earnings per share (diluted EPS) is calculated under the assumption that all convertible…
Q: On December 31, 2023, Berciair Incorporated had 280 million shares of common stock and 3 million…
A: To compute Berclair's basic and diluted earnings per share (EPS) for the year ended December 31,…
Q: On December 31, 2023, Berclair Incorporated had 400 million shares of common stock and 7 million…
A: With the help of Earning Per share ratio Investors can assess a company's profitability using its…
Q: On December 31, 2020, Berclair Inc. had 500 million shares of common stock and 22 million shares of…
A: The basic earning per share indicates the earnings attributable to a unit of a common share. The…
Q: On December 31, 2023, Ainsworth, Incorporated had 850 million shares of common stock outstanding. •…
A: According to the question given, we need to compute the earnings per share. Earnings per…
Q: On December 31, 2017 Berclair Inc. had 520 million shares of common stock and 3 million shares of…
A:
Q: On December 31, 2023, Ainsworth, Incorporated had 760 million shares of common stock outstanding. B…
A: To compute Ainsworth's net loss per share for the year ended December 31, 2024, and the per share…
Q: Whispering Inc. had net income for the current year ending December 31, 2023 of $1,063,260. During…
A: “Since you have posted a question with multiple sub parts, we will provide the solution only to the…
Q: On December 31, 2023, Berclair Incorporated had 280 million shares of common stock and 7 million…
A: The objective of the question is to calculate the Earnings Per Share (EPS) for Berclair Incorporated…
Q: On December 31, 2023, Berclair Incorporated had 520 million shares of common stock and 5 million…
A: It represents the portion of a company's profit allocated to each outstanding share of common stock.…
Q: On December 31, 2023, Berclair Incorporated had 540 million shares of common stock and 4 million…
A: Earnings per share refers to the earnings attributable to the shareholders to the outstanding…
Q: Required: Compute Berclair's basic and diluted earnings per share for the year ended December 31,…
A: Treasury shares are shares of a company's stock that were previously issued and outstanding but are…
Q: Required: Compute Berclair's basic and diluted earnings per share for the year ended December 31,…
A: EPS stands for Earnings Per Share. It is the ratio formula used to determine the earnings of the…
Q: Required: Compute Berclair's basic and diluted earnings per share for the year ended December 31,…
A: The basic earnings per share (EPS) calculation calculates the profit each outstanding common share…
On December 31, 2023, Berclair Incorporated had 300 million shares of common stock and 3 million shares of 9%, $100 par value cumulative
- On March 1, 2024, Berclair purchased 24 million shares of its common stock as
treasury stock . - Berclair issued a 5% common stock dividend on July 1, 2024.
- Four million treasury shares were sold on October 1.
- Net income for the year ended December 31, 2024, was $300 million.
- The income tax rate is 25%.
- Also outstanding at December 31 were incentive stock options granted to key executives on September 13, 2019.
- The options are exercisable as of September 13, 2023, for 30 million common shares at an exercise price of $56 per share.
- During 2024, the market price of the common shares averaged $70 per share.
- In 2020, $50.0 million of 8% bonds, convertible into 6 million common shares, were issued at face value.
Required:
Compute Berclair’s basic and diluted earnings per share for the year ended December 31, 2024. (Shares for stock options and conversion of convertible securities have been adjusted for any stock split or stock dividend.)
Note: Do not round intermediate calculations. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).
Step by step
Solved in 2 steps
- On December 31, 2023, Berclair Incorporated had 540 million shares of common stock and 21 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2024, Berclair purchased 24 million shares of its common stock as treasury stock. • Berclair issued a 5% common stock dividend on July 1, 2024. • Four million treasury shares were sold on October 1. • Net income for the year ended December 31, 2024, was $1,050 million. • Also outstanding at December 31 were 84 million incentive stock options granted to key executives on September 13, 2019. • The options were exercisable as of September 13, 2023, for 84 million common shares at an exercise price of $75 per share. • During 2024, the market price of the common shares averaged $100 per share. • The options were exercised on September 1, 2024. Required: Compute Berclair's basic and diluted earnings per share for the year ended December 31, 2024. (Shares for stock options and conversion of convertible…On December 31, 2023, Berclair Incorporated had 280 million shares of common stock and 3 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. • On March 1, 2024, Berclair purchased 56 million shares of its common stock as treasury stock. ● ● Berclair issued a 5% common stock dividend on July 1, 2024. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2024, was $350 million. Also outstanding at December 31 were 30 million incentive stock options granted to key executives on September 13, 2019. • The options were exercisable as of September 13, 2023, for 30 million common shares at an exercise price of $56 per share. During 2024, the market price of the common shares averaged $70 per share. Required: Compute Berclair's basic and diluted earnings per share for the year ended December 31, 2024. (Shares for stock options and conversion of convertible securities have been adjusted for any stock split or stock…jitu
- On December 31, 2020, Berclair Inc. had 420 million shares of common stock and 7 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 36 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2021. Six million treasury shares were sold on October 1. Net income for the year ended December 31, 2021, was $700 million. Required: Compute Berclair's earnings per share for the year ended December 31, 2021. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Numerator, Denominator Earnings per ShareOn December 31, 2023, Berclair Incorporated had 420 million shares of common stock and 7 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2024, Berclair purchased 36 million shares of its common stock as treasury stock. • Berclair issued a 5% common stock dividend on July 1, 2024. Six million treasury shares were sold on October 1. .Net income for the year ended December 31, 2024, was $700 million. Required: Compute Berclair's earnings per share for the year ended December 31, 2024. Note: Do not round intermediate calculations. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Numerator 4. Denominator Earnings per Share =On December 31, 2023, Berclair Incorporated had 280 million shares of common stock and 3 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2024, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2024. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2024, was $250 million. The income tax rate is 25%. Also outstanding at December 31 were incentive stock options granted to key executives on September 13, 2019. The options are exercisable as of September 13, 2023, for 30 million common shares at an exercise price of $56 per share. During 2024, the market price of the common shares averaged $70 per share. In 2020, $50.0 million of 8% bonds, convertible into 6 million common shares, were issued at face value. Required: Compute Berclair’s basic and diluted earnings per share for the year ended December 31, 2024.…
- Cole Company was formed on January 1, 2022, when 300,000 shares of $2 par value common stock were issued for $8 per share. Net income for 2022 was $150,000. Cash dividends of $0.25 per share were declared in December 2022 and paid in January 2023. The following occurred in 2023 :• April 1st, 10,000 treasury shares were purchased for $6 per share.• April 15th, 500 treasury shares were retired. • June 1st, 3,000 treasury shares were reissued for $7.50 per share .• November 1st, 4,000 treasury shares were reissued for $4 per share. • Net Income for 2023 was $200,000. • Cash dividends of $0.50 per share were declared in December 2023, payable in January 2024. Assuming Cole Company uses the cost method to account for treasury stock, prepare the stockholders’ equity section of the balance sheet at December 31, 2023. Also note how many shares of common stock were issued, outstanding, and treasury.On December 31, 2020, Berclair Inc. had 460 million shares of common stock and 9 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 48 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2021. Eight million treasury shares were sold on October 1. Net income for the year ended December 31, 2021, was $800 million. Required: Compute Berclair's earnings per share for the year ended December 31, 2021. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)On December 31, 2020, Berclair Inc. had 340 million shares of common stock and 3 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2021. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2021, was $400 million. The income tax rate is 25%. Also outstanding at December 31 were incentive stock options granted to key executives on September 13, 2016. The options are exercisable as of September 13, 2020, for 30 million common shares at an exercise price of $56 per share. During 2021, the market price of the common shares averaged $70 per share. In 2017, $50.0 million of 8% bonds, convertible into 6 million common shares, were issued at face value. Required: Compute Berclair's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your…
- On December 31, 2023, Berclair Incorporated had 600 million shares of common stock and 17 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. • On March 1, 2024, Berclair purchased 120 million shares of its common stock as treasury stock. Berclair issued a 6% common stock dividend on July 1, 2024. • Four million treasury shares were sold on October 1. • Net income for the year ended December 31, 2024, was $850 million. • Also outstanding at December 31 were 72 million incentive stock options granted to key executives on September 13, 2019. • The options were exercisable as of September 13, 2023, for 72 million common shares at an exercise price of $60 per share. . During 2024, the market price of the common shares averaged $90 per share. The options were exercised on September 1, 2024. Required: Compute Berclair's basic and diluted earings per share for the year ended December 31, 2024. (Shares for stock options and conversion of convertible…On December 31, 2023, Berclair Incorporated had 600 million shares of common stock and 17 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. • . On March 1, 2024, Berclair purchased 120 million shares of its common stock as treasury stock. Berclair issued a 6% common stock dividend on July 1, 2024. • Four million treasury shares were sold on October 1. • Net income for the year ended December 31, 2024, was $850 million. Also outstanding at December 31 were 72 million incentive stock options granted to key executives on September 13, 2019. The options were exercisable as of September 13, 2023, for 72 million common shares at an exercise price of $60 per share. During 2024, the market price of the common shares averaged $90 per share. The options were exercised on September 1, 2024. Required: Compute Berclair's basic and diluted earnings per share for the year ended December 31, 2024. (Shares for stock options and conversion of convertible securities…On January 1, 2022, NYC Co. had 1,191,000 shares of its $12 par value common stock outstanding. On March 1, NYC Co. sold an additional 2,382,000 shares for $48 per share. The company issued a 15% stock dividend on May 1. On August 1, NYC Co. repurchased 715,000 shares of its stock. On November 1, 1,072,500 shares were sold for $50 per share. What is the weighted- average number of shares outstanding for 2022? (NIE) 4,129,067 3,175,733 3,533,233 3,771,567