Earnings per Share: Earnings per share help to measure the profitability of a company. Earnings per share are the amount of profit that is allocated to each share of outstanding stock. Outstanding stock : It refers to the number of shares that are held by the existing stockholders of the company. To identify: In what way in which the loss on the electrical equipment has been reported on the income statement of E Enterprises .

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Answer 1

Question

Chapter 13, Problem 13.2E

(a)

To determine

Earnings per Share: Earnings per share help to measure the profitability of a company. Earnings per share are the amount of profit that is allocated to each share of outstanding stock.

Outstanding stock: It refers to the number of shares that are held by the existing stockholders of the company.

To identify: In what way in which the loss on the electrical equipment has been reported on the income statement of E Enterprises.

(b)

To determine

To explain: The reason behind reporting the extraordinary item separately.

(c)

To determine

To identify: The extraordinary item, and identify whether it is included in the income for the fourth quarter.

(d)

To determine

To identify: Whether E Enterprises have an operating loss in any quarter of 2013 and 2014, and explain how it can identify.

(e)

To determine

The outstanding number of shares in 2014, and also determine the number of outstanding shares changes from July 31, 2013 to July 31, 2014.

(f)

To determine

To discuss: What number has to be used to determine E Enterprises’ profit margin on the perspective of an investor, and calculate the profit margin for the year 2013 and 2014.

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Answer 2

Question

Chapter 13, Problem 13.2E

(a)

To determine

Earnings per Share: Earnings per share help to measure the profitability of a company. Earnings per share are the amount of profit that is allocated to each share of outstanding stock.

Outstanding stock: It refers to the number of shares that are held by the existing stockholders of the company.

To identify: In what way in which the loss on the electrical equipment has been reported on the income statement of E Enterprises.

(b)

To determine

To explain: The reason behind reporting the extraordinary item separately.

(c)

To determine

To identify: The extraordinary item, and identify whether it is included in the income for the fourth quarter.

(d)

To determine

To identify: Whether E Enterprises have an operating loss in any quarter of 2013 and 2014, and explain how it can identify.

(e)

To determine

The outstanding number of shares in 2014, and also determine the number of outstanding shares changes from July 31, 2013 to July 31, 2014.

(f)

To determine

To discuss: What number has to be used to determine E Enterprises’ profit margin on the perspective of an investor, and calculate the profit margin for the year 2013 and 2014.

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Answer 3

Question

Chapter 13, Problem 13.2E

(a)

To determine

Earnings per Share: Earnings per share help to measure the profitability of a company. Earnings per share are the amount of profit that is allocated to each share of outstanding stock.

Outstanding stock: It refers to the number of shares that are held by the existing stockholders of the company.

To identify: In what way in which the loss on the electrical equipment has been reported on the income statement of E Enterprises.

(b)

To determine

To explain: The reason behind reporting the extraordinary item separately.

(c)

To determine

To identify: The extraordinary item, and identify whether it is included in the income for the fourth quarter.

(d)

To determine

To identify: Whether E Enterprises have an operating loss in any quarter of 2013 and 2014, and explain how it can identify.

(e)

To determine

The outstanding number of shares in 2014, and also determine the number of outstanding shares changes from July 31, 2013 to July 31, 2014.

(f)

To determine

To discuss: What number has to be used to determine E Enterprises’ profit margin on the perspective of an investor, and calculate the profit margin for the year 2013 and 2014.

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Answer 4

Question

Chapter 13, Problem 13.2E

(a)

To determine

Earnings per Share: Earnings per share help to measure the profitability of a company. Earnings per share are the amount of profit that is allocated to each share of outstanding stock.

Outstanding stock: It refers to the number of shares that are held by the existing stockholders of the company.

To identify: In what way in which the loss on the electrical equipment has been reported on the income statement of E Enterprises.

(b)

To determine

To explain: The reason behind reporting the extraordinary item separately.

(c)

To determine

To identify: The extraordinary item, and identify whether it is included in the income for the fourth quarter.

(d)

To determine

To identify: Whether E Enterprises have an operating loss in any quarter of 2013 and 2014, and explain how it can identify.

(e)

To determine

The outstanding number of shares in 2014, and also determine the number of outstanding shares changes from July 31, 2013 to July 31, 2014.

(f)

To determine

To discuss: What number has to be used to determine E Enterprises’ profit margin on the perspective of an investor, and calculate the profit margin for the year 2013 and 2014.

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Answer 5

Chapter 13, Problem 13.2E

(a)

To determine

Earnings per Share: Earnings per share help to measure the profitability of a company. Earnings per share are the amount of profit that is allocated to each share of outstanding stock.

Outstanding stock: It refers to the number of shares that are held by the existing stockholders of the company.

To identify: In what way in which the loss on the electrical equipment has been reported on the income statement of E Enterprises.

(b)

To determine

To explain: The reason behind reporting the extraordinary item separately.

(c)

To determine

To identify: The extraordinary item, and identify whether it is included in the income for the fourth quarter.

(d)

To determine

To identify: Whether E Enterprises have an operating loss in any quarter of 2013 and 2014, and explain how it can identify.

(e)

To determine

The outstanding number of shares in 2014, and also determine the number of outstanding shares changes from July 31, 2013 to July 31, 2014.

(f)

To determine

To discuss: What number has to be used to determine E Enterprises’ profit margin on the perspective of an investor, and calculate the profit margin for the year 2013 and 2014.

Answer 6

Chapter 13, Problem 13.2E

(a)

To determine

Earnings per Share: Earnings per share help to measure the profitability of a company. Earnings per share are the amount of profit that is allocated to each share of outstanding stock.

Outstanding stock: It refers to the number of shares that are held by the existing stockholders of the company.

To identify: In what way in which the loss on the electrical equipment has been reported on the income statement of E Enterprises.

Answer 7

Chapter 13, Problem 13.2E

(a)

To determine

Earnings per Share: Earnings per share help to measure the profitability of a company. Earnings per share are the amount of profit that is allocated to each share of outstanding stock.

Outstanding stock: It refers to the number of shares that are held by the existing stockholders of the company.

To identify: In what way in which the loss on the electrical equipment has been reported on the income statement of E Enterprises.

Answer 8

(b)

To determine

To explain: The reason behind reporting the extraordinary item separately.

Answer 9

(b)

To determine

To explain: The reason behind reporting the extraordinary item separately.

Answer 10

(c)

To determine

To identify: The extraordinary item, and identify whether it is included in the income for the fourth quarter.

Answer 11

(c)

To determine

To identify: The extraordinary item, and identify whether it is included in the income for the fourth quarter.

Answer 12

(d)

To determine

To identify: Whether E Enterprises have an operating loss in any quarter of 2013 and 2014, and explain how it can identify.

Answer 13

(d)

To determine

To identify: Whether E Enterprises have an operating loss in any quarter of 2013 and 2014, and explain how it can identify.

Answer 14

(e)

To determine

The outstanding number of shares in 2014, and also determine the number of outstanding shares changes from July 31, 2013 to July 31, 2014.

Answer 15

(e)

To determine

The outstanding number of shares in 2014, and also determine the number of outstanding shares changes from July 31, 2013 to July 31, 2014.

Answer 16

(f)

To determine

To discuss: What number has to be used to determine E Enterprises’ profit margin on the perspective of an investor, and calculate the profit margin for the year 2013 and 2014.

Answer 17

(f)

To determine

To discuss: What number has to be used to determine E Enterprises’ profit margin on the perspective of an investor, and calculate the profit margin for the year 2013 and 2014.

Answer 18

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Ch. 13 - Prob. 1Q Ch. 13 - Prob. 2Q Ch. 13 - Prob. 3Q Ch. 13 - Prob. 4Q Ch. 13 - Prob. 5Q Ch. 13 - Prob. 8Q Ch. 13 - Prob. 9Q Ch. 13 - Prob. 6Q Ch. 13 - Prob. 7Q Ch. 13 - Prob. 10Q

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To explain: The reason behind reporting the extraordinary item separately.

To identify: The extraordinary item, and identify whether it is included in the income for the fourth quarter.

To identify: Whether E Enterprises have an operating loss in any quarter of 2013 and 2014, and explain how it can identify.

The outstanding number of shares in 2014, and also determine the number of outstanding shares changes from July 31, 2013 to July 31, 2014.

To discuss: What number has to be used to determine E Enterprises’ profit margin on the perspective of an investor, and calculate the profit margin for the year 2013 and 2014.

Chapter 13 Solutions