Please do not give solution in image format thanku Oriole Corporation purchased Blue Spruce Inc. and agreed to give stockholders of Blue Spruce 49300 additional shares in 2027 if BlueSpruce's net income in 2026 is $604000 or more; in 2025 Blue Spruce's net income is $617000. Oriole has net income for 2025 of$1496000 and an average number of common shares outstanding of 501000 shares. What should Oriole report as earnings per sharefor 2025?Basic EarningsPer Share$2.99$2.99Diluted EarningsPer Share$2.99$2.72

To calculate earnings per share (EPS) for Oriole Corporation in 2025, we need to divide the net…

Oriole Corporation purchased Blue Spruce Inc. and agreed to give stockholders of Blue! Spruce's net income in 2026 is $604000 or more; in 2025 Blue Spruce's net income is $6 $1496000 and an average number of common shares outstanding of 501000 shares. W

Oriole Corporation purchased Blue Spruce Inc. and agreed to give stockholders of Blue! Spruce's net income in 2026 is $604000 or more; in 2025 Blue Spruce's net income is $6 $1496000 and an average number of common shares outstanding of 501000 shares. W

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: please no copy paste no plagiarism when benefit is constant, how to manipulate the cost to have…

A: Net present value is the difference between the present value of cash flow and initial investment…

Q: Question 8: Which statement is incorrect regarding tables? Answer: A. B. C. D. O You can convert a…

A: Tables in excel are flexible and the data can be changed or modified. One can create a table by…

Q: a. Superscript O b. Regular Italic

A: Answer: Superscript is not a font style. Option (a) is correct answer. Regular, Bond and Italic is…

Q: Which of the following can be used to link two tables together? Select one: a. Primary Key b.…

A: Foreign key is a column or group of columns in a relational database table that provides a link…

Q: Please do not give solution in image format thanku

A: Explanations: (Based from the information's I have gathered) FAQ (Frequently Asked Questions): While…

Q: Wildhorse Company uses the allowance method for estimating uncollectible accounts. Prepare journal…

A: The journal entries are prepared to record the transactions on regular basis. The allowance for…

Q: Read and interpret anincome statement.

A: It shows the income generated by the company.

Q: Please type excell also right now. dont upload images

A: With spot exchange rate (=S in $/Euro), interest rate in foreign country (rf) and interest rate in…

Q: 3. Plankton Corp. owned an asset that cost $600,000. The company sold the asset on January 1, Year 3…

A: Gain on sales is calculated by deducting the carrying value from the proceed of sale.

Q: detail "duditing End What statement Değine duuliting and abat the salement stagts in where…

A: All the transactions will be recorded in the journal book in a chronological manner. It is the first…

Q: Masaya Company is preparing its 2020 financial statement. The accounting period ends on December 31.…

A: In this case of we have to determine the amount of total trade and other receivables at December…

Q: In addition, Bridgeport is involved in a lawsuit. Legal counsel feels it is probable Bridgeport will…

A: Introduction:- A balance sheet is a statement of assets, liability, and equity. It is prepared after…

Q: What is the cost of goods manufactured for the month of October? a. $350,500 b. $221,700 c. $345,200…

A: Predetermined Overhead Rate =Estimated Manufacturing OverheadEstimated Machine Hours…

Q: What does internal rate of return (IRR) help you to determine

A: Internal Rate of Return (IRR) is a financial metric used to evaluate potential profitability of an…

Q: How XBRL is different from inline XBRL? What challenges do you see in the implementation of XBRL?

A: XBRL: In short, XBRL stands for extensible Business Reporting Language, and it is a software…

Q: Inter Company was founded in Dec 2018. Inter Company provides sports services to customers. During…

A: T-accounts are created by posting transactions to their respective accounts and then calculating the…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: Step 1:Alteryx Designer is a data analytics software that enables users to blend and analyze data…

Q: Use the following information to answer the next 3 questions Kite Corp. manufactures custom cabinets…

A: Manufacturing overhead means the cost incurred indirect in factory for the production of goods.…

Q: Define Reconciliation method

A: Bank reconciliation: Bank statement is prepared by bank. The company maintains its own records from…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: Audio tapes, photocopiers, and record players are analog devices. Analog devices deal with…

Q: A B C D E A B C D E Type of Quality Characteristic Consistency Type of Quality Characteristic #…

A: A. It can be seen that an unit of Chocolate Chip Cookies is valued at $9.56. However, the same…

Q: Ollie: Receives 500 shares of stock Land and Building 30,000 100,000 • Mortgage on land & building…

A: Gain or loss Gain and loss which indicate that whether any kind of profit or loss which are…

Q: Difference between the edit, short, and update run

Q: wich common workflow error can cause duplicate expenses in quickbooks online

A: The common workflow error that can cause duplicate expenses in QuickBooks Online is:Create a bill to…

Q: Inacio Corporation uses the weighted-average method in its process costing system. Data concerning…

A: In accounting, the Weighted Average Cost (WAC) method of inventory valuation uses a weighted average…

Q: allowing the holder to purchase 100 common shares in Marin a me day of the sale of the bonds.…

A: Answer : Journal entries : Date Account title Debit Credit Jan.1,2023 Cash (5300*103) $545,900…

Q: Prepare the entry for the issuance under the following assumptions. (List all debit entries before…

A: The journal entries are prepared to record the transactions on regular basis. The cash received in…

Q: Explain MBBs and MPTs?

A: Mortgage-backed security: A mortgage-backed security is a kind of asset-backed security which is…

Q: Anna Inc. sells two products as follows: Product A Product B Units sold 3,800 4,750 Selling price…

A: Break-Even Point: Your company has reached its break-even point when its entire expenses and total…

Q: surement column answers are incorrect in the pic and you also have the

A: The current rate method is a method of translation that uses the current exchange rate.

Q: Benoit Manufacturing Company manufactures and sells parts for various musical gadgets. The following…

A: Hi student Since there are multiple subparts, we will answer only first three subparts. If you want…

Q: jorunalize the transactions

A: Journal entries recording is the first step in accounting cycle process, in which atleast one…

Q: What is the balance in work in process at the end of October? la. $104,100 b. $129,100 c. $249,400…

A: Work-in-progress (WIP) The cost of unfinished goods in the manufacturing process is called Work in…

Q: Z

A: The objective of the question is to determine the amount to be included in Darlene's gross income…

Q: im having trouble with vlookup in excel

A: Type Vlookup in the formula bar of excel sheet.

Q: Copying bfrom chegg is not a good idea. Explain simply what accounting is

A: Accounting is a comprehensive word with several subfields such as cost accounting, management…

Q: Entries for Notes Receivable Spring Designs & Decorators issued a 120-day, 4% note for $60,000,…

A: Answer a) Calculation of Maturity date of note Maturity date of note will be 120 days from April 13…

Q: On January 1, 2024, Kingbird Corporation granted 10,200 options to key executives. Each option…

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

Q: Explain how changesin activity affect c ontributionm argin and net operatingincome.

A: Contribution Margin is the amount of margin from sales revenue after deducting variable expenses.…

Q: no entry is required, select "No Entry for the account titles and enter O for the amounts. Credit…

A: Perpetual inventory system is used for recording the transactions related to the purchase and sale…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: The Answer is " Each quote may result in many future orders"A quote is the last price at which an…

Q: How do HTTP and HTTP-NG differ?

Q: Please answer G part with explanation

A: Workings: Market Capitalization=No. of shares outstanding×Price per share=542-14×$35.90=$18,955.20…

Q: Can you explain what I might be missing throughly please? I have it correct but it claims that it's…

A: Transaction a: Cash reveived on issue of shares. It will increase the ccash and share capital.

Concept explainers

Capital Gain

Any capital asset when sold can give the seller a higher or lower price from its purchase price leading to a capital gain or capital loss. The time period of holding an asset is decided based on if it is a long term or short-term capital gain. On that basis, the rate of taxation is decided if it is 20%, 15% or according to the tax brackets. The rate of taxation differs in the case of equity or debt, whether long or short term. The capital gain can be adjusted from capital loss to arrive at a net capital gain. The amount of gains and the exemption has to be reported in the tax return filed in the financial year in which the asset was transferred. The tax return can be filed quarterly, monthly, semi-annually or annually.

Question

Please do not give solution in image format thanku

Oriole Corporation purchased Blue Spruce Inc. and agreed to give stockholders of Blue Spruce 49300 additional shares in 2027 if Blue
Spruce's net income in 2026 is $604000 or more; in 2025 Blue Spruce's net income is $617000. Oriole has net income for 2025 of
$1496000 and an average number of common shares outstanding of 501000 shares. What should Oriole report as earnings per share
for 2025?
Basic Earnings
Per Share
$2.99
$2.99
Diluted Earnings
Per Share
$2.99
$2.72

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: Introduction

VIEW

Step 2: Solution

VIEW

Solution

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
I need this in text not images
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
True or False: Access controls limit who can change records Group of answer choices True False
JFK Sp G Persua: BIF ANSV B which c BWILL BE M (no sub Gis engli + n/courseware-delivery//ua/69158/45467532/aHR0cHM6Ly9mMi5hcHAUZWRtZW50dW0uY29tL2xlYXJuZXItdWkvc2Vjb25kYXJ5L3VzZXItY... < ☆ Unit Activity: Mathematical Models and Consumer Finance https:// Online Task 2 Saving Money Respond to each question below in two to three complete sentences. Each question is worth four points. BIUX² X₂ 15px Space used (includes formatting): 0/ 15000 Edment A G What fa Part A How can knowing your spending habits make it easier for you to learn to save money? Give an example to illustrate your explanation. !!! 6 of 12 V Print Sav
How is the access control list approach different from RBAC?
Please answer questions correctly
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
LutoSave 日 Off UnitlILabAssignment_Question1 O Search (Alt-Q) Protected View Home Insert Draw Page Layout Formulas Data Review View Help PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing fx Formula: Multiply, Subtract; Cell Referencing A D E F G H. K Formula: Multiply, Subtract; Cell Referencing Using Excel to Record Stock Entries Student Work Area PROBLEM Required: Provide input into cells shaded in yellow in this template. Select account names from the drop-down lists. Use cell references to the data area. Use mathematical formulas to calculate any amounts not given. On May 10, Jack Corporation issues common stock for cash. Shares of stock issued Par value per share 2,000 24 %24 10.00 Amount at which stock issued 18.00 Journalize the issuance of the stock. 10 11 Date Debit Credit 12 May 10 13 14 15 16 17 18 19 20 21 22 23 25 26 27 28 29 30 31 32 33 Enter Answer Ready 24
Can I gt help for part iv, v, vi tank u
look at the image to solve the question
The easiest way to change the order in a chart is in the __________. Multiple Choice underlying spreadsheet slicer chart options chart itself