Concept Introduction:
Shares: The total capital of the company is divided into small pieces which termed as shares of the company. It is issued by the company to the investors for certain amount of interest of the company.
Requirement 1:
Determine number of Common Stock issued and outstanding of Apple Inc. at (a) September 30, 2017, and (b) September 24, 2016
Concept Introduction:
Dividends are basically small portions of net income earned by the company which is distributed among the stockholders.
Requirement 2:
Determine the total amount of cash dividends paid to common stockholders for the years ended (a) September 30, 2017, and (b) September 24, 2016?
Concept Introduction:
Earnings per Share:
The net income of the company available for the common stockholders is called earnings per share. It is computed by dividing the net income during an accounting period by the number of outstanding common stock.
Requirement 3:
Earnings per share amounts for 2017 and 2016
Concept Introduction:
Earnings per share is considered favorable when it is increasing and unfavorable when it is decreasing. The two major factors which increases or decreases the EPS are; the amount of net income and the number of outstanding shares.
Requirement 4:
Whether the change in EPS from 2016 to 2017 is favorable or unfavorable?
Concept Introduction:
Outstanding Shares:
The total number of shares which is not reacquired by the company is called outstanding shares. Outstanding shares are computed by deducting number of
Requirement 5
Increase or decrease in EPS if Apple buys back number of outstanding shares from investors?
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Chapter 13 Solutions
BA 511 CUSTOM CONNECT FOR FUND ACC PRINC
- On January 1, 2023, Pharoah Ltd. had 702,000 common shares outstanding. During 2023, it had the following transactions that affected the common share account: Feb. 1 Issued 160,000 shares Mar. 1 Issued a 10% stock dividend May 1 Acquired 181,000 common shares and retired them June 1 Issued a 3-for-1 stock split Oct. 1 Issued 78,000 shares ♡ The company's year end is December 31Determine the weighted average number of shares outstanding as at December 31, 2023. (Round answer to O decimal places, eg. 5,275.) Weighted average number of shares outstandingarrow_forwardOn January 1, 2023, Pharoah Ltd. had 702,000 common shares outstanding. During 2023, it had the following transactions that affected the common share account: Feb. 1 Issued 160,000 shares Mar. 1 Issued a 10% stock dividend May 1 Acquired 181,000 common shares and retired them June 1 Issued a 3-for-1 stock split Oct. 1 Issued 78,000 shares ♡ The company's year end is December 31 Assume that Pharoah earned net income of $3,441,340 during 2023. In addition, it had 90,000 of 10%, $100 par, non-convertible, non-cumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2023. Calculate earnings per share for 2023, using the weighted average number of shares determined above. (Round answer to 2 decimal places, e.g. 15.25.) Earnings per sharearrow_forwardI want to correct answer general accounting questionarrow_forward
- Discuss the following questions below 1. Definition and scope of IAS 38 2. Recognition of criteria of intangible assets 3. Meaurement basis for intangible assets 4. Amortization methods and their implications for financial reportingarrow_forwardPlease solve this problem general accounting questionarrow_forwardWaiting for your solution general accounting questionarrow_forward
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