The YZA Corporation has 100,000 ordinary shares authorized, par value P10. As of the end of reporting period, 60,000 of the shares are outstanding. Required: Compute the earnings per share assuming the company has a profit of:

The YZA Corporation has 100,000 ordinary shares authorized, par value P10. As of the end of reporting period, 60,000 of the shares are outstanding. Required: Compute the earnings per share assuming the company has a profit of:

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: Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $1…

Q: The issued share capital of a company consists of 1,680,000 ordinary shares of £1 each. Half way…

A: Earnings per share is the earning attributable ro each equity shareholder in the business. In case…

Q: Ltd. was incorporated and issued 35,400 common shares for $354,000. On August 19, an additional…

A: The following formula used to calculate Average cost of common shares as follows:-Average cost of…

Q: C&S Corp. issued 66 shares of its $1 par value common stock for $11 per share. Issue costs were 586…

A: When companies issue common stock, the stock is sold through brokers to their retail or…

Q: The following information is to be used for questions 199 and 200: Rogers has just completed their…

A: We have the following information: Net profit: $1,250,000 Value of shares: $1,000,000 Number of…

Q: ABC Corp has produced its first set of financial results. Ordinary shares in the company were issued…

A: Price earning ratio is financial ratio. This is also known as PE ratio. It shows the relationship…

Q: A company sells 15,000 shares of previously authorized stock at the par value of $20 per share.…

A: Shares are the fractional ownership interests in a corporation. Some businesses employ shares as a…

Q: XYZ Corporation issued 1,000 shares of common stock with a par value of $10 per share. If the…

A: To calculate the total amount of additional paid-in capital, we need to determine the difference…

Q: ABC Company issued 50,000 shares for P100 per share. Par value of the shares is P10. During the…

A: Treasury stock: Shares that are bought back by the company from the open market but not retired from…

Q: You are computing annual earnings per share and required disclosures for Garcia Fencing based on…

A: Earning per share of the company is the net income after tax reduced by Preference dividend divided…

Q: Nexis Corp. issues 2,470 shares of $11 par value common stock at $16 per share. When the transaction…

A: The excess amount over the par value of a common stock is considered as paid-in capital in excess of…

Q: Finn, Inc. began the year with a balance in retained earnings of $16,800 and 32,000 shares of $1 par…

A: >Retained earnings represents the accumulated amount of past net Income and Loss, as reduced by…

Q: The following transactions occurred in the order given, during 2023 la) 1210 subscriptions were sold…

A: A journal is made to record all business transactions. All the financial transactions are recorded…

Q: For the year ended 31 December 20X1, Bright-Warm Utility Company had net income of $1,750,000. The…

A: Earnings per share The amount of income earned by the company which is available for the…

Q: The following information relates to the operations of Branded Ltd. The net profit after tax was…

A: Dividend represents the distribution of profit earned by the company among its shareholders. The…

Q: Celestial Inc. issued 8,000 shares of its P10 par ordinary shares to a CPA for 600 hrs. of…

A: The company's main source of funding is its share capital. There are two sorts of shares. Ordinary…

Q: The outstanding share capital of Bramble Corporation consists of 3,245 preferred shares and 5,900…

A: The objective of the question is to calculate the amount of dividends that should be paid to each…

Q: Tamara Corporation has 5,000 shares of $10 par value common stock outstanding and retained earnings…

A: Event Account Titles and Explanation Debit Credit a Retained earnings $ 10,000 To…

Q: Dog River Company has an operating profit of $259.000 Interest expense for the year was $21.600…

A: Operating profit = $259,000Interest expenses = $21,600Tax = $45,750Preferred dividend paid =…

Q: The Namleda Corporation has an income statement that indicates thatoperating income is $2,375,486…

A: The part of a company’s profit which is attributable to its equity shareholders is called Earnings…

Q: If Norben Company issues 4,000 shares of $5 par value common stock for $140,000, the account Common…

A: Paid-in Capital in Excess of Par represents the amount investors pay for shares above their nominal…

Q: Epic Company earned net income of $892,500 this year. There were 370,000 weighted-average common…

A: Basic EPS means basic earnings per share. It is the per share value that represents the per share…

Q: ended December 31, Southern Supply had net sales of $7,320,000, costs and other expenses (including…

A: Answer : a) Southern supply Income statement For the year ended Dec.31,Current year…

Q: Blue Ltd. reported $4,886,625 of net income for the fiscal year ended December 31, 2021. The company…

A: Earnings per share is a metric used to measure the return earned by the shareholders for each share…

Q: Company Tyza has a Net income of $15,831,600 and 11,000,000 outstanding shares. It also has…

A: The question is based on the concept Earning per share

Q: e of $100,000 in the con

A: When the shares are re acquired , the treasury stock account is debited and cash is credited .The…

Q: Surfer Girl Clothing Company issues 1,000 shares of $1 par value common stock at $25 per share.…

A: When a company purchases its own stock, it is referred to as treasury stock. This repurchase can…

Concept explainers

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.

Question

The YZA Corporation has 100,000 ordinary shares
authorized, par value P10. As of the end of
reporting period, 60,000 of the shares are
outstanding.
Required: Compute the earnings per share
assuming the company has a profit of:
A. P10,000
B. P70,000
C. P90,000
D. P150,000
E. P180,000

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 Calculating the required part.

VIEW

Step by step

Solved in 2 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

Smith Inc. has announced net earnings of $877,500 for this year. The company has 325,660 shares outstanding, and the year-end stock price is $50.48. What are the company’s earnings per share and P/E ratio? a. EPS: $2.69; P/E: 18.77 times b. EPS: $0.37; P/E: 18.77 times c. EPS: $0.37; P/E: 10.55 times d. EPS: $2.69; P/E: 10.55 times
The outstanding share capital of KTI Corporation consists of 2,950 preferred shares and 7,000 common shayes for which $280,000 was received. The preferred shares carry a dividend of $7 per share and have $100 stated value. Instructions: Assuming that the company has retained earnings of $95,000 that is to be entirely paid out in dividends and that preferred dividends were not paid during the two years preceding the current year, state how much each class of shares should receive under each of the following conditions. a. The preferred shares are cumulative and non-participating. b. The preferred shares are cumulative and participating. Do not round intermediate calculations but round answer to nearest dollar.
The following information relates to the operations of Branded Ltd. The net profit after tax was $1,000,000. The company distributed ordinary dividends of $600,000 to its shareholders. Over the year, weighted average number of ordinary shares were 2,000,000. Ordinary shares are currently selling for $8.00 per share. What is the earning per share for the company? 0.20. 0.33. 0.40. 0.50.
Nexis Corp. issues 1,180 shares of $9 par value common stock at $17 per share. When the transaction is recorded, credits are made to a. Common Stock, $9,440 and Paid-In Capital in Excess of Stated Value, $10,620. Ob. Common Stock, $20,060. Oc. Common Stock, $9,440 and Retained Earnings, $10,620. Od. Common Stock, $10,620, and Paid-In Capital in Excess of Par-Common Stock, $9,440.