Bedard Corporation reported net income of $300,000 in 2020 and had 200,000 shares of common stock outstanding throughout the year. Also outstanding all year were 45,000 options to purchase common stock at $10 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share.

Q: During 2019, Minh Corporation had a net income of $144,000. Ordinary share capital was $200,000…

A: Cash flow statement is a statement which is prepared to find out the cash comes in and goes out , by…

Q: common stock was $30 last night. Calculate the following. (Round all answers to two decimal places…

A: 1) Current yield = (Dividend in year 1 / price) * 100 Current yield = (0.65 / 30) * 100 Current…

Q: During 2018, Baird Corporation reported after-tax net income of $3,620,000. During the year, the…

A: 1.  Determine the earnings per share:

Q: Vaughn Corporation had net sales of $2,413,000 and interest revenue of $34,000 during 2020. Expenses…

A: Definition of EPS: EPS stands for Earnings per share it is to be calculated Net income divided by…

Q: Compute diluted earnings per share

A: Earnings per share is a financial measure that determines the residual earnings generated by each…

Q: Vaughn Corporation had net sales of $2,413,000 and interest revenue of $34,000 during 2020. Expenses…

A: Formula: Net income = Revenues - Expenses

Q: skysong corporation reported net income of $256,960 in 2020 and had 47,400 shares of commonstock…

A: Converted preferred shares=Number of share×2=5,500×2=11,000

Q: Use the following information for the next two items: Sheeva Corp. had P600,000 net income in 2020,…

A: Basic EPS is the earnings per share calculated by dividing Net Income attributable or available to…

Q: Oriole Company had net income for 2021 of $603000. The average number of shares outstanding for the…

A: The corporation used to identify diluted EPS for evaluating the per share earnings if the…

Q: Makers Corp. had additions to retained earnings for the year just ended of $285,000. The firm paid…

A: Given the following information: Addition to retained earnings: $285,000 Total equity: $4,850,000…

Q: Bedard Corporation reported net income of $300,000 in 2017 and had 200,000 shares of common stock…

A: Formula to calculate diluted earnings per share (DEPS): DEPS = Net income attributable to common…

Q: Venzuela Company's net income for 2020 is $50,000. The only potentially dilutive securities…

A: Amount paid towards shares = Options issued * Exercise price per share = 1,000 * 6 = $ 6,000 Value…

Q: During 2020, ABC Co. had net income of $900,000. The company has 20,000 shares of 5%, $100 par,…

A: Basic EPS is calculated by dividing the net income by total number of outstanding shares.Diluted EPS…

Q: Nash Corporation had net sales of $2,401,300 and interest revenue of $36,200 during 2020. Expenses…

A: Under Multi-Step Income Statement, All the line items are required to be shown in the specific…

Q: Prepare a condensed multiple-step income statement for Brisky Corporation. (Round earnings per share…

A: Solution:- Given,  Brisky corporation had net sales = $2,400,000 Interest revenue = $31,000 Selling…

Q: Sheridan Corporation had net income of $470000 and paid dividends to common stockholders of $34780…

A: There are two methods of calculation of payout ratios 1) outstanding share method (DPS/EPS) *100 2)…

Q: In 2020, Hollis Corporation reported net income of $1,000,000. It declared and paid preferred stock…

A: Earnings per share = (Net income - Preferred dividend) / weighted average of common shares…

Q: Blue Corporation had net sales of $2,401,600 and interest revenue of $36,800 during 2020. Expenses…

A: A multistep income statement is the income statement which computes income at various stages like…

Q: On June 30, setzer corporation had a market price of $100 per share of common stock. For the…

A: The dividend yield is used to compare the dividend-paying stocks. It can be calculated by dividing…

Q: Culver Corporation reported net income of $682,000 in 2017 and had 217,000 shares of common stock…

A:

Q: Larkspur Corporation earned $2,859,000 during 2020. The company had a weighted-average of 533,000…

A: Number of shares to be issued in lieu of warrants  =  50,000 warrants2 warrants for one share =…

Q: Carla Corporation reported net income of $644,000 in 2017 and had 234,000 shares of common stock…

A: Diluted Earnings per share = Net Income available to Common stockholders'Number of common stock…

Q: ABC Corporation reported net income of $270,000 in 2020 and had 50,000 shares of common stock…

A: Diluted earnings per share=Net incomeWeighted average number of shares adjusted for dilutive shares

Q: Story Corporation had net income of $300,000 in 2018. The weighted average number of shares…

A: The price earning ratio is considered as the relationship between stock price and earnings per…

Q: Culver Corporation reported net income of $282,540 in 2020 and had 45,000 shares of common stock…

A: Net Income:$282,540 Outstanding shares: 45,000 Convertible instruments: 10,400(5200*2)(for every…

Q: Sarunas Corporation reported net income of $300,000 in 2018 and had 200,000 shares of common stock…

A: SOLUTION   WORKING TOTAL OPTIONS AVAILABLE. (A) 30000 PURCHASE PRICE PER SHARE (B) 10 AVERAGE…

Q: Flounder Company's net income for 2020 is $672,000, and 91.000 shares of common stock were issued…

A: The diluted earning per share is used to measure a company's earning per share by assuming that all…

Q: At the end of 2021, PT. Wardah International announced a gross profit of $1 million. The costs…

A: earnings available for common stockholders = Net income  - preferred Dividend

Q: Marigold Corporation had net sales of $2,400,900 and interest revenue of $37,400 during 2020.…

A: Income statement: It tells the net profit / ( loss ) of the company in a particular period  All the…

Q: Headland Corporation had 2020 net income of $1,028,000. During 2020, Headland paid a dividend of $2…

A:

Q: West Wind Inc. has 5,000,000 shares of common stock outstanding with market value of $60 per share.…

A: Share outstanding =5,000,000 Market value per share = 60 Net income =6,900,000 Stock split =3 for 1…

Q: Culver Corporation reported net income of $338,240 in 2020 and had 50,400 shares of common stock…

A:

Q: Ayayai Company’s net income for 2020 is $52,900. The only potentially dilutive securities…

A: Proceeds from issue of options = 1,040 options x 1 share x $6 per share = $6,240 Number of shares…

Q: At December 31, 2017 and 2018, Funk and Noble corporation had outstanding 760 million shares of…

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

Q: In January 2021, Tesla Inc shares were priced at $860. The value of the company at that stock price…

A: Price earning ratio- It is used for valuing a company and it is calculated as Market price of share…

Q: Brisky Corporation had net sales of $2,400,000 and interest revenue of $31,000 during 2020. Expenses…

A: Brisky Corporation Single step Income Statement For the Year Ended December 31, 2020…

Q: Marin Company’s net income for 2020 is $691,000, and 91,000 shares of common stock were issued and…

A: Calculation of number of free shares issued under case (a) : Particulars  Amount Proceeds of…

Q: Ayayai Company’s net income for 2020 is $52,900. The only potentially dilutive securities…

A: GIVEN   Ayayai Company’s net income for 2020 is $52,900. The only potentially dilutive securities…

Q: Novak Company’s net income for 2020 is $594,000, and 91,000 shares of common stock were issued and…

A: Diluted Earning Per Share: If all convertible securities were converted, the company's profits per…

Q: DiCenta Corporation reported net income of $270,000 in 2020 and had 50,000 shares of common stock…

A: Formula to calculate diluted earnings per share; Diluted EPS = Net income / weighted average number…

Q: 1. Gems Co. had net income for 2021 of $400,000. The average number of shares outstanding for the…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Carla Corporation reported net income of $315,350 in 2020 and had 50,500 shares of common stock…

A: Computation of the Carla's 2020 diluted earnings per share as follows:

Q: Palmar Corporation has total assets and total liabilities of $82,000 and $40,000, respectively, at…

A: As per accounting equation,  Assets = Liabilities + Owner's Equity

Q: Bramble Corp. had net income for 2021 of $598000. The average number of shares outstanding for the…

A: Diluted EPS Formula= Net Income(Before Preferred Dividends)+Post Tax Interest(Common Shares…

Q: Windsor Corporation had net sales of $2,404,900 and interest revenue of $38,100 during 2020.…

A: Equation: Gross profit = Net sales - Cost of goods sold

Q: The 2020 income statement of Wasmeier Corporation showed net income of $480,000 and a loss from…

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

Q: In 2020, Concord Corporation reported net income of $1,015,200. It declared and paid preferred stock…

A: Step 1 Earnings per share is the income attributed to each outstanding equity share commonly…

Q: Nash Corporation had net sales of $2,416,400 and interest revenue of $33,800 during 2020. Expenses…

A: Single step Income Statement :            In this format of income statement, the expenses are not…

Q: Pharoah Company’s net income for 2020 is $709,000, and 94,000 shares of common stock were issued and…

A: 28000 dilutive stock options would increase shares outstanding by 28000 Proceeds= 28000*20= $ 560000…