Please prepare fords single step income statement for year ended December 31 2018 i closing EPS. Fenton had one million shares of common stock and no preferred stock outstanding during the year based on data below. Data Tableother relenuesincome tax statemintsales revenuefotal operating expene구, 260124,000101,900FORD COMPANYINCOME STATEMENTYEARS ENDED DEC 31,2018CIN THOUSANDS PER SHARE AMOUNTS)earinings per shane

Earning per share (EPS). It is calculated by dividing Net Income Attributatin to ordinary share by…

Please prepare fords single step income statement for year ended December 31 2018 i closing EPS. Fenton had one million shares of common stock and no preferred stock outstanding during the year based on data below.

Please prepare fords single step income statement for year ended December 31 2018 i closing EPS. Fenton had one million shares of common stock and no preferred stock outstanding during the year based on data below.

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

Vaughn Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,720,000 shares of $10 par common stock. At no time has Vaughn issued any potentially dilutive securities. Listed below is a summary of Vaughn's common stock activities. 1. 2. 3. 4. rol (b) Number of common shares issued and outstanding at December 31, 2018 Shares issued as a result of a 10% stock dividend on September 30, 2019 Shares issued for cash on March 31, 2020 Number of common shares issued and outstanding at December 31, 2020 A 2-for-1 stock split of Vaughn's common stock took place on March 31, 2021 Your answer is incorrect. 1,910,000 191,000 1,830,000 3,931,000 Compute the weighted average number of common shares used in computing earnings per common share for 2020 on the 2020 comparative income statement. LICE
On January 1, 2017, Ven Corporation had the following stockholders’ equity accounts.Common Stock (no par value, 90,000 shares issued and outstanding) $1,600,000Retained Earnings 500,000During the year, the following transactions occurred.Feb. 1 Declared a $1 cash dividendper share to stockholders of record on February 15, payable March 1.Mar. 1 Paid the dividenddeclared in February.Apr. 1 Announced a 3-for-1 stock split. Prior to the split, the market price per share was $36.July 1 Declared a 5% stock dividendto stockholders of record on July 15, distributableJuly 31. On July 1, the market price of the stock was $16 per share.31 Issued the shares for the stock dividend.Dec.1 Declared a $0.50 per share dividendto stockholders of record on December 15, payable January 5, 2018.31 Determined that net income for the year was $350,000 Instructions Journalize the transactions and closing entries for income and dividend.
West, Inc. determined the following information concerning its common stock during 2016: J anuary 1 80,000 shares outstanding April 1 Issued a 20% stock dividend July 1 Issued an additional 2,900 shares October 1 Issued a 2-for-1 stock split December 1 Reacquired 5,000 shares Required: What should West, Inc. use as the denominator for its basic earnings per share calculation for 2016?
Ricci Corporation is preparing their financial statements for the year ending September 30, 2021. Ricci Corporation has two categories of stock; Preferred and Common. On September 25, 2021 Ricci Corporation declared dividends on the preferred stock which will be paid on October 18, 2021. In order to calculate EPS the staff accountant had the following information: 2021 Net Income: $4,000,000 Preferred Dividends Declared in September 25, 2021 $ 500,000 but not paid until October 18, 2021 Weighted Average Number of Common Shares Outstanding 125,000 shares The staff accountant has determined that since the preferred dividends were not paid prior to September 30, 2021 the preferred dividend should not be included in the 2021 EPS. Accounting Issue: In the calculation for EPS should Ricci Corporation include the preferred dividends not paid prior to September 30, 2021? Your Interpretation of the Guidance: Should Ricci Corporation include the preferred dividends in the calculation of EPS…
Wildhorse Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,770,000 shares of $10 par common stock. At no time has Wildhorse issued any potentially dilutive securities. Listed below is a summary of Wildhorse’s common stock activities. 1. Number of common shares issued and outstanding at December 31, 2018 2,050,000 2. Shares issued as a result of a 10% stock dividend on September 30, 2019 205,000 3. Shares issued for cash on March 31, 2020 1,910,000 Number of common shares issued and outstanding at December 31, 2020 4,165,000 4. A 2-for-1 stock split of Wildhorse’s common stock took place on March 31, 2021 Compute the weighted-average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative income statement. shares eTextbook and Media Compute the weighted-average…
Yakun company had 4,000 shares of P7.00, P100 par preferred stock and 50,000 shares of common stock outstanding throughout 2018. During 2018, the company declared a dividend of P7.00 per share on its common stock. Compute earnings per share for 2018 if its income statement showed net income of 530,000.
The stockholders' equity accounts of Wildhorse Company have the following balances on December 31, 2025. Common stock, $10 par, 292,000 shares issued and outstanding Paid-in capital in excess of par-common stock Retained earnings $2,920,000 1,320,000 5,080,000 Shares of Wildhorse Company stock are currently selling on the Midwest Stock Exchange at $33. Prepare the appropriate journal entries for each of the following cases. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) a. A stock dividend of 6% is (1) declared and (2) issued. b. A stock dividend of 100% is (1) declared and (2) issued. C. A 2-for-1 stock split is (1) declared and (2) issued. No. Account Titles and Explanation a. (1) a. (2) b. (1) b. (2) c. (1) c. (2) Debit Credit
Blake Distributors had 100,000 common shares outstanding at the beginning of the year, January 1. On May 13, Blake distributed a 5% stock dividend. Blake retired 1,200 shares on August 1. What is the weighted-average number of shares for calculating EPS?
On January 1, 2022, Cullumber Corporation had $1,125,000 of common stock outstanding that was issued at par. It also had retained earnings of $746,500. The company issued 40,000 shares of common stock at par on July 1 and earned net income of $410,000 for the year. Journalize the declaration of a 16% stock dividend on December 10, 2022, for the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) a. b. No. Account Titles and Explanation a. Par value is $10, and market price is $19. Par value is $5, and market price is $20. b. Debit Credit
Please help me
Torres Company began business on June 30, 2018. At that time, it issued 17,500 shares of $40 par value, 8% cumulative preferred stock and 70,000 shares of $5 par value common stock. Through the end of 2020, there has been no change in the number of preferred and common shares outstanding.a. Assume the company declared and paid cash dividends of $72,100 in 2018, $0 in 2019, and $322,700 in 2020. Compute the total cash dividends and the dividends per share paid to each class of stock in 2018, 2019, and 2020. 2018 Total Dividends Dividends per Share Preferred shareholders: Answer Answer Common shareholders: Answer Answer 2019 Total Dividends Dividends per Share Preferred shareholders: Answer Answer Common shareholders: Answer Answer 2020 Total Dividends Dividends per Share Preferred shareholders: Answer Answer Common shareholders: Answer Answer
dont uplode any images in answer