Basic Earnings per share: The Basic Earnings per share is the amount of net income earned by each common share outstanding. The Earnings per share calculated by with help of following formula: Basic Earnings per share= Net Income - Preferred Dividend Weighted Average Common Shares Outstanding Net Income available to common stockholder = Net income – Preferred Dividend Stock split: Stock split refers to the dividing one share into two of more shares. It is usually done to make the share available for small investor with smaller value. A stock split does not affect the total stockholder's equity and it also does not require any journal entry . To Calculate: The earnings per share to be reported in Spike Inc's 2017 annual report.

Question

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Answer 1

Question

Chapter 10, Problem 10.1ME

To determine

Concept Introduction:

Basic Earnings per share:

The Basic Earnings per share is the amount of net income earned by each common share outstanding. The Earnings per share calculated by with help of following formula:

Basic Earnings per share=Net Income - Preferred DividendWeighted Average Common Shares Outstanding

Net Income available to common stockholder = Net income – Preferred Dividend

Stock split:

Stock split refers to the dividing one share into two of more shares. It is usually done to make the share available for small investor with smaller value. A stock split does not affect the total stockholder's equity and it also does not require any journal entry.

To Calculate:

The earnings per share to be reported in Spike Inc's 2017 annual report.

Expert Solution & Answer

Answer to Problem 10.1ME

The earnings per share to be reported in Spike Inc's 2017 annual report shall be $1.45 per share.

Explanation of Solution

The earnings per share to be reported in Spike Inc's 2017 annual report is calculated as follows;

Earnings per share before stock split =$5.80

Stock Split = 1/4

Earnings per share after stock split =$5.80/4 = $1.45

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Answer 2

Question

Chapter 10, Problem 10.1ME

To determine

Concept Introduction:

Basic Earnings per share:

The Basic Earnings per share is the amount of net income earned by each common share outstanding. The Earnings per share calculated by with help of following formula:

Basic Earnings per share=Net Income - Preferred DividendWeighted Average Common Shares Outstanding

Net Income available to common stockholder = Net income – Preferred Dividend

Stock split:

Stock split refers to the dividing one share into two of more shares. It is usually done to make the share available for small investor with smaller value. A stock split does not affect the total stockholder's equity and it also does not require any journal entry.

To Calculate:

The earnings per share to be reported in Spike Inc's 2017 annual report.

Expert Solution & Answer

Answer to Problem 10.1ME

The earnings per share to be reported in Spike Inc's 2017 annual report shall be $1.45 per share.

Explanation of Solution

The earnings per share to be reported in Spike Inc's 2017 annual report is calculated as follows;

Earnings per share before stock split =$5.80

Stock Split = 1/4

Earnings per share after stock split =$5.80/4 = $1.45

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Answer 3

Question

Chapter 10, Problem 10.1ME

To determine

Concept Introduction:

Basic Earnings per share:

The Basic Earnings per share is the amount of net income earned by each common share outstanding. The Earnings per share calculated by with help of following formula:

Basic Earnings per share=Net Income - Preferred DividendWeighted Average Common Shares Outstanding

Net Income available to common stockholder = Net income – Preferred Dividend

Stock split:

Stock split refers to the dividing one share into two of more shares. It is usually done to make the share available for small investor with smaller value. A stock split does not affect the total stockholder's equity and it also does not require any journal entry.

To Calculate:

The earnings per share to be reported in Spike Inc's 2017 annual report.

Expert Solution & Answer

Answer to Problem 10.1ME

The earnings per share to be reported in Spike Inc's 2017 annual report shall be $1.45 per share.

Explanation of Solution

The earnings per share to be reported in Spike Inc's 2017 annual report is calculated as follows;

Earnings per share before stock split =$5.80

Stock Split = 1/4

Earnings per share after stock split =$5.80/4 = $1.45

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Answer 4

Question

Chapter 10, Problem 10.1ME

To determine

Concept Introduction:

Basic Earnings per share:

The Basic Earnings per share is the amount of net income earned by each common share outstanding. The Earnings per share calculated by with help of following formula:

Basic Earnings per share=Net Income - Preferred DividendWeighted Average Common Shares Outstanding

Net Income available to common stockholder = Net income – Preferred Dividend

Stock split:

Stock split refers to the dividing one share into two of more shares. It is usually done to make the share available for small investor with smaller value. A stock split does not affect the total stockholder's equity and it also does not require any journal entry.

To Calculate:

The earnings per share to be reported in Spike Inc's 2017 annual report.

Expert Solution & Answer

Answer to Problem 10.1ME

The earnings per share to be reported in Spike Inc's 2017 annual report shall be $1.45 per share.

Explanation of Solution

The earnings per share to be reported in Spike Inc's 2017 annual report is calculated as follows;

Earnings per share before stock split =$5.80

Stock Split = 1/4

Earnings per share after stock split =$5.80/4 = $1.45

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Answer 5

Chapter 10, Problem 10.1ME

To determine

Concept Introduction:

Basic Earnings per share:

The Basic Earnings per share is the amount of net income earned by each common share outstanding. The Earnings per share calculated by with help of following formula:

Basic Earnings per share=Net Income - Preferred DividendWeighted Average Common Shares Outstanding

Net Income available to common stockholder = Net income – Preferred Dividend

Stock split:

Stock split refers to the dividing one share into two of more shares. It is usually done to make the share available for small investor with smaller value. A stock split does not affect the total stockholder's equity and it also does not require any journal entry.

To Calculate:

The earnings per share to be reported in Spike Inc's 2017 annual report.

Expert Solution & Answer

Answer to Problem 10.1ME

The earnings per share to be reported in Spike Inc's 2017 annual report shall be $1.45 per share.

Explanation of Solution

The earnings per share to be reported in Spike Inc's 2017 annual report is calculated as follows;

Earnings per share before stock split =$5.80

Stock Split = 1/4

Earnings per share after stock split =$5.80/4 = $1.45

Answer 6

Chapter 10, Problem 10.1ME

To determine

Concept Introduction:

Basic Earnings per share:

The Basic Earnings per share is the amount of net income earned by each common share outstanding. The Earnings per share calculated by with help of following formula:

Basic Earnings per share=Net Income - Preferred DividendWeighted Average Common Shares Outstanding

Net Income available to common stockholder = Net income – Preferred Dividend

Stock split:

Stock split refers to the dividing one share into two of more shares. It is usually done to make the share available for small investor with smaller value. A stock split does not affect the total stockholder's equity and it also does not require any journal entry.

To Calculate:

The earnings per share to be reported in Spike Inc's 2017 annual report.

Expert Solution & Answer

Answer to Problem 10.1ME

The earnings per share to be reported in Spike Inc's 2017 annual report shall be $1.45 per share.

Explanation of Solution

The earnings per share to be reported in Spike Inc's 2017 annual report is calculated as follows;

Earnings per share before stock split =$5.80

Stock Split = 1/4

Earnings per share after stock split =$5.80/4 = $1.45

Answer 7

Chapter 10, Problem 10.1ME

To determine

Concept Introduction:

Basic Earnings per share:

The Basic Earnings per share is the amount of net income earned by each common share outstanding. The Earnings per share calculated by with help of following formula:

Basic Earnings per share=Net Income - Preferred DividendWeighted Average Common Shares Outstanding

Net Income available to common stockholder = Net income – Preferred Dividend

Stock split:

Stock split refers to the dividing one share into two of more shares. It is usually done to make the share available for small investor with smaller value. A stock split does not affect the total stockholder's equity and it also does not require any journal entry.

To Calculate:

The earnings per share to be reported in Spike Inc's 2017 annual report.

Answer 8

Expert Solution & Answer

Answer to Problem 10.1ME

The earnings per share to be reported in Spike Inc's 2017 annual report shall be $1.45 per share.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

The earnings per share to be reported in Spike Inc's 2017 annual report is calculated as follows;

Earnings per share before stock split =$5.80

Stock Split = 1/4

Earnings per share after stock split =$5.80/4 = $1.45

Answer 12

Ch. 10 - Prob. 10.1ME Ch. 10 - Prob. 10.2ME Ch. 10 - Prob. 10.3E Ch. 10 - Prob. 10.4E Ch. 10 - Prob. 10.5E Ch. 10 - Prob. 10.6E Ch. 10 - Prob. 10.7E Ch. 10 - Exercise 10.8 LO 9 Calculate EPS and effect of...Ch. 10 - Prob. 10.9E Ch. 10 - Prob. 10.10E

Answer to Problem 10.1ME

Explanation of Solution

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Chapter 10 Solutions