Net incomePreferred stock: 53,000 shares outstanding. $100 par, 8% cumulative, not convertibleCommon stock: Shares outstanding 1/1Issued for cash, 5/1Acquired treasury stock for cash, 8/12-for-1 stock split, 10/1Compute earnings per share. (Round answer to 2 decimal places, e.g. 2.55)Earnings per share $$2,296,8605,300,000724,800276,000138,000

Earning Per Share Is a The Company's Net Income subtracted The Preferred Dividend Divided By Number…

Answered: wet income referred stock: 53,000…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please answer the question below to the best of your knowledge Data Amount Net Income 2,500,000 Preferred stock :50,000 shares outstanding $100 par, 8% cumulative, not convertible 5,000,000 Common stock: Shares outstanding 1/1 750,000 Issued for cash ,5/1 300,000 Acquired treasury stock for cash, 8/1 2-for 1 stock split, 10/1 150,000 Requirement Compute earnings per share for.
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Shamrock Inc. presented the following data. Net income $2,670,000 Preferred stock: 55,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,500,000 Common stock: Shares outstanding 1/1 822,000 Issued for cash, 5/1 302,400 Acquired treasury stock for cash, 8/1 162,000 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $enter earnings per share rounded to 2 decimal places
Ivanhoe Inc. presented the following data. Net income $2,740,000 Preferred stock: 45,000 shares outstanding, $100 par, 8% cumulative, not convertible 4,500,000 Common stock: Shares outstanding 1/1 714,000 Issued for cash, 5/1 291,600 Acquired treasury stock for cash, 8/1 135,600 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.)
The following information taken from Company XYZ: Balance sheet (Current) Common Stock (Par value @$2) $8,000,000 Paid in capital $30,000,000 RE $50,000,000 Total $88,000,000 Show the effect on Balance sheet (Equity section) after the following takes place: i. cash dividend = $4.20 per share, expected net income is $32 million ii. stock dividend: 20% stock dividend, current market price is $8 iii. stock split: five for two stock split 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.
A7
A5
Dividend Per Share Windborn Company has 25,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends: Year 1 $187,500 Year 2 60,000 Year 3 225,000 Determine the dividend per share for preferred and common stock for each year. Round all answers to two decimal places. If an amount box does not require an entry, leave it blank. Year 1 Year 2 Year 3 Preferred stock (Dividend per share) 5. Common stock (Dividend per share) %24 %24
None
What is the total stockholders' equity based on the following account balances? Common Stock $375,000 Paid-In Capital in Excess of Par 90,000 Retained Eamings 190,000 15,000 Treasury Stock a. S655,000 b. 8640.000 C. S565 000 d. s670,000
Compute book value per share of common stock using the following info: 8% cumultive preferred stock, $100par $230,000 Common stock, $5 par authorized 100,000 issued 60,000 $300,000 Additional paid in capital $440,000 Deficit amount $146,800 Dividends in arrears on preferred stock 1 full year $18,400
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