The following data pertains to the Megatron company:• Net income equals $15,000.5,000 shares of common stock issued on January 1.. 10% stock dividend issued on June 1.. 1000 shares of common stock were repurchased on July 1.●1000 shares of 10%, par $100 preferred stock each convertible into 8 shares of common were outstanding the whole year.How many common shares should be used in computing the company's basic earnings per share (EPS)?4,500.O 5,000.5,500.

5,000 shares of common stock were issued on January 1.A 10% stock dividend was issued on June 1.…

Answered: The following data pertains to the…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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A company had stock outstanding as follows during each of its first 3 years of operations: 2,500 shares of 10%, $100 par, cumulative preferred stock and 50,000 shares of $10 par common stock. The amounts distributed as dividends are presented in the following schedule. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. If necessary, round dividends per share to the nearest cent. If your answer is zero, please enter "0". Year 1 2 3 Dividends $10,000 25,000 60,000 Preferred Total Preferred Per Share Common Total Common Per Share
The following information was drawn from the accounting records of Silverburg Company. (Round your answer to 2 decimal places.) Net income Preferred stock outstanding, 15% cumulative Market price per share of common stock 2$ 216,000 $ 56,000 Common Stock outstanding 15 $1,320,000 Average number of common shares outstanding Number of common shares outstanding at end of the accounting period 116,000 shares 136,000 shares Dividends per share on common stock 1.30 per share Based on this information, the company's earnings per share is Multiple Choice The answer cannot be determined from the information provided. $1.79 8 9 Score answer > < Prev of 9 MacBook Air DII 888 F7 F5 F4 F3 & % # $ 8 @ 4 5 3 Y E R Q W G H J K A S M. V B C
EPS Junkyard Arts, Inc., had earnings of $316,000 for the year. The company had 30,000 shares of common stock outstanding during the year and issued 4,400 shares of $150 par value preferred stock. The preferred stock has a dividend of $5 per share. There were no transactions in either common or preferred stock during the year. Determine the basic earnings per share for Junkyard Arts for the year. Round answer to two decimal places.$per share
Junkyard Arts, Inc., had earnings of $174,300 for the year. The company had 24,000 shares of common stock outstanding during the year and issued 3,900 shares of $100 par value preferred stock. The preferred stock has a dividend of $9 per share. There were no transactions in either common or preferred stock during the year. Determine the basic earnings per share for Junkyard Arts for the year. Round answer to two decimal places.$fill in the blank 1per share
On January 1, the company had 150,000 common shares outstanding. During the year, the following events occurred: March 1: Two-for-one stock split June 1: Issued 45,000 additional shares September 1: 20% stock dividend What was the weighted-average number of shares outstanding for the year?
Not Graded Earnings per ShareLucky Corporation began the year with a simple capital structure consisting of 200,000 shares of outstanding common stock. On April 1, 90,000 additional common shares were issued, and another 30,000 common shares were issued on August 1. The company had net income for the year of $690,000. Calculate the earnings per share of common stock. Round to two decimal points.Earnings per Share $Answer
A company had stock outstanding as follows during each of its first 3 years of operations: 4,000 shares of 8%, $100 par, cumulative preferred stock and 44,000 shares of $10 par common stock. The amounts distributed as dividends are presented in the following schedule. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. If necessary, round dividends per share to the nearest cent. If your answer is zero, please enter "0". Year 1 2 3 Dividends $24,000 32,000 38,280 Preferred Total Preferred Per Share $ Common Total Common Per Share
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A company had stock outstanding as follows during each of its first 3 years of operations: 1,000 shares of 10%, $100 par, cumulative preferred stock and 60,000 shares of $10 par common stock. The amounts distributed as dividends are presented in the following schedule. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. If necessary, round dividends per share to the nearest cent. If your answer is zero, please enter "0". Year 1 23 Dividends $7,500 10,000 17,000 Preferred Total 7,500 10,000 Preferred Per Share $ 100 Common Total 10 Common Per Share 00
Can you show me step by step how you got the number of outstanding shares and the total paid in capital

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