How much is net income for this financial accounting question ? The Crestwood Corporation had 18,000 shares ofcommon stock outstanding on January 1 andissued an additional 3,000 shares on July 1. Therewas no preferred stock outstanding. If Crestwoodreports earnings per share of $5.00 for the yearending December 31, how much is net income?

Step 1: Define Earnings Per Share (EPS)Earnings Per Share (EPS) is a financial metric that…

Answered: The Crestwood Corporation had 18,000…

Principles of Accounting Volume 1

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Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 22EB: Errol Corporation earned net income of $200,000 this year. The company began the year with 10,000...

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Longmont Corporation earned net income of $90,000 this year. The company began the year with 600 shares of common stock and issued 500 more on April 1. They issued $5,000 in preferred dividends for the year. What is the numerator of the EPS calculation for Longmont?
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Given the following year-end information for Somerset Corporation, compute its basic earnings per share. Net income, 13,000 Preferred dividends declared, 4,000 Weighted average common shares for the year, 4,500
Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)
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Ecker Company reports $1,300,000 of net income and declares $182,000 of cash dividends on its preferred stock for the year. At year-end, the company had 260,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders? 2. What is the company's basic EPS?
Friar Inc. reported net income for Year Five of $2,480,000. It had 720,000 shares of common stock outstanding on January 1, Year Five, and repurchased 120,000 of those shares on September 1, Year Five, as treasury stock. The company has no preferred stock. At the end of Year Five, Friar’s stock was selling for $27 per share. Which of the following is Friar’s price-earnings ratio on that date? Responses 6.54 7.85 9.15 7.40

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The Crestwood Corporation had 18,000 shares of common stock outstanding on January 1 and issued an additional 3,000 shares on July 1. There was no preferred stock outstanding. If Crestwood reports earnings per share of $5.00 for the year ending December 31, how much is net income?