Athena Company provided the following information for 2009 and 2010: Net income for 2009- 18,000,000 Net income for 2010- 60,000,000 Outstanding shares on December 31, 2009- 200,000 A bonus issue was made on October 1, 2010 in the ratio of two additional ordinary shares for each ordinary share on December 31, 2009. REQUIREMENT: Compute for the BASIC EARNINGS PER SHARE to be presented on Athena's 2010 and 2008 comparative statements of profit or loss.

Q: Last Na Company provided the following data on December 31, 2011: Operating revenue P 5,600,000;…

A: The question is related to Earnings Per Share. The EPS is calculated with the help of following…

Q: Cases Unlimited reported operating income of $780,000, interest expense of $120,000, and net income…

A: Time interest earned ratio means the number of times a company is earing profits as compared to…

Q: For several years Orbon, Inc., has followed a policy of paying a cash dividend of $0.75 per share…

A: a.

Q: The following information relates to Perry Corporation for the year ended 2009 December 31: Common…

A: Earnings per share (EPS): The amount of net income available to each shareholder per common share…

Q: For 2009, Flamingo Products had net income of $1,000,000. At 1 January 2009, there were 1,000,000…

A: Net income for 2009 =$1,000,000 1 January 2009 No. of shares outstanding=1,000,000 i July 2009…

Q: 000 shares of $10 par value common stock. As of December 31, 2020, 2,080,000 shares had been issued…

A: The difference between total deductions (including deductions directly related to carrying on any…

Q: Data pertaining to Classic Corp.’s common stock are presented for the fiscalbyear ending May 31,…

A: Solution: Price earning ratio of a company represents how much time of earning per share have a…

Q: Cisco Systems Inc. reported the following in its income statement for the year ended July 27, 2013:…

A: The financial ratios refer to the ratios that are calculated using the financial data from the…

Q: Last Na Company provided the following data on December 31, 2011: Operating revenue P 5,600,000;…

A: Diluted Earning Per Share For the Calculation of Diluted earning per share which can be taken…

Q: The following summaries for 1Maryland Service, Inc., and 2Grapone, Co., provide the information…

A: Stockholder equity:  The financing provided by the owners and by business operations, often referred…

Q: Levi Co. is calculating earnings per share for inclusion in the annual report to share holders. The…

A: Diluted Earning Per Share: The diluted earnings per share (diluted EPS) of a corporation is…

Q: Charles Austin of the controller’s office of Skysong Corporation was given the assignment of…

A: Earnings per share is the amount of earnings attributable for each equity shareholder. These…

Q: The following data are extracted from the shareholders’ equity section of the statement of financial…

A: Total amount debited to Retained earnings for share dividend = (Ordinary shares Balance as of…

Q: The following data were gathered from the annual report of Tom Products:  Market price per share…

A: Book value per share  is calculated by dividing a company's common equity by the number of shares…

Q: For 2007, Flamingo Products had net income of $1,000,000. On 1 January 2007, there were 1,000,000…

A: EPS:- EPS stands for Earning Per Share. It shows how much money a firm makes for each share of its…

Q: At the time that of its 10-Q filing of financial statements for the first half of its January 2002…

A: "Hey, since there are multiple questions posted, we will answer the first question. If you want any…

Q: On December 31, 2011 and 2012, Simon Company had 100, 000 shares of ordinary share and 50,000 shares…

A: The price-earning ratio is calculated as market price per share divided by earning per share.

Q: 2 At December 31, 2009, True reported 2,812.300 shares isued with a par value of $4.00 per share and…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: For its fiscal year- end, Calvan Water Corporation (CWC) reported net income of $12 million and a…

A: Before calculating diluted EPS, you need to calculate number of common stock increse due to…

Q: The following information has been derived from the accounts of Montgomery plc for the year ended…

A: For the above-mentioned question, we need the following information: Current Ratio = 1.4 : 1 Net…

Q: For 2009, Flamingo Products had net income of $1,000,000. At 1 January 2009, there were 1,000,000…

A: The earning per share is the monetary value of earnings earned by the company in comparison to the…

Q: For 2009, Flamingo Products had net income of $1,000,000. At 1 January 2009, there were 1,000,000…

A: The income that a common shareholder earns on the shares which are under the possession of the…

Q: XYZ inc reported net income of $283,880 for the year and had 173,230 common shares outstanding…

A: Let's understand the basic  EPS is the earning per share from company's net income here, Net income…

Q: A company's profit after tax for the year to 31 December 2015 was P150,000. The comparative figure…

A: Earnings per share = (Net Income - Preferred dividend) / Weighted average no. of ordinary shares…

Q: The following information was taken from the financial statements of Tolbert Inc. for December 31 of…

A: (a)Calculate EPS:

Q: On December 31, 2002, Superior, Inc. had 600,000 shares of common stock issued and outstanding.…

A: For computing the EPS we have to calculate the denominator of the outstanding number of the ordinary…

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: The following data are extracted from the shareholders’ equity section of the statement of financial…

A: Total amount debited to Retained earnings for share dividend = (Ordinary shares Balance as of…

Q: The market value of G's common stock was P20 per share at December 31, 2010, and P27 per share at…

A: Answer with explanation are as follows:

Q: The year-end balance sheet of Pointe Company shows average Pointe shareholders’ equity attributable…

A: Given: Net income = $2,513 Equity = $7,997

Q: Junkyard Arts, Inc., had earnings of $174,300 for the year. The company had 24,000 shares of common…

A: Earnings per share refers to the amount earned by each stockholder. This can be identified by…

Q: At the end of the accounting year, December 31, 2007, Emme's records reflected the following:…

A: Total stock Holder's equity: Particulars                                                  Amount…

Q: For the year ending 30 June 2020, Don Ltd reports a net profit after tax of $6.1 million. At the…

A: Diluted EPS=Adjusted EAE/Adjusted WANS

Q: Catena's Marketing Company has the following adjusted trial balance at the end of the current year.…

A: Statement of Stockholder's Equity is a summary reports which contains the Opening Balance and…

Q: A company's profit after tax for the year to 31 December 2013 was OMR 150,000. The comparative…

A: