Stanley Department Stores reported net income of $830,000 for the year ended December 31, 2021.   Additional Information:   Common shares outstanding at Jan. 1, 2021 110,000 Incentive stock options (vested in 2020) outstanding throughout 2021 24,000 (Each option is exercisable for one common share at an exercise price of $25.00)   During the year, the market price of Stanley’s common stock averaged $30.00 per share.   On Aug. 30, Stanley sold 15,000 common shares.   Stanley’s only debt consisted of $40,000 of 10% short-term bank notes.   The company’s income tax rate is 25%.

Q: Stowe Company’s December 31, 2020, trial balance includes the following accounts: Investment in…

A: STOWE COMPANY Balance Sheet (Partial) December 31, 2020 Stockholders' Equity   Common stock…

Q: JST Machinery began business in 2020 by issuing 90,000 shares of $5 par common stock for $8 per…

A: Here in this question, we are required to calculate how much amount should be reported as common…

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A: Earning per share means earning per share given by company to it's share holders.  Formula  Earning…

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: Accounting Cherry Corporation had 600,000 shares of common stock outstanding during 2020. In…

A: Answer a:- EPS = $1.67. Explanation:-  Computation of EPS:-  EPS = Net Income / Outstanding shares…

Q: At December 31, 2020 and 2021, Funk & Noble Corporation had outstanding 1,000 million shares of…

A: Formula: Earnings per share = (Net Income - Preferred dividends) / No. of common shares outstanding…

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: On January 1, 2020, Hage Corporation granted incentive stock options to purchase 26,000 of its…

A: Proceeds from the exercise of options = 26000 * $ 7 = $ 182000

Q: During 2021, R Co. had the following two classes of stock issued and outstanding for the entire…

A:

Q: Metlock Corporation issued 108,000 shares of $18 par value, cumulative, 9% preferred stock on…

A: Introduction: Journal: Recording of a business transactions in a chronological order. First step in…

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: Graham, Inc. began 2020 with 25,000 common shares outstanding and issued a 20% stock dividend on…

A: Earnings per share of the company means all earnings available for each and every common…

Q: The Ohana Corporation has 20,000 shares of common stock outstanding throughout 2021. In addition,…

A: Diluted EPS = Net Income+After Tax Cost of InterestCommon Shares Outstanding + Additional shares to…

Q: At December 31, 2020 and 2021, Funk & Noble Corporation had outstanding 820 million shares of…

A: Preferred Dividend         = No. of share x Par value per share x rate of dividend…

Q: oOn January 1, 2020, Kingbird Corporation had $2,020,000 of $10 par value common stock outstanding…

A: A log book is used to record a business transaction in an organization's accounting records. A…

Q: urnet Company had 30,000 shares of common stock outstanding on January 1, 2021. On April 1, 2021,…

A: Step 1 Earnings per share (EPS) is calculated as a company's profit divided by the outstanding…

Q: On December 31, 2020, Berclair Inc. had 360 million shares of common stock and 4 million shares of…

A: Calculation of weighted Shares Outstanding during the year   PARTICULAR OUTSTANDING PERIOD…

Q: ordinary shares and outstanding at December 31, 2021. On July 1, 2022, an additional 40,000 shares…

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A: Dividend is the term which is described as the distribution of the earnings of the firm to its…

Q: Shamrock Company’s net income for 2020 is $52,300. The only potentially dilutive securities…

A: a. Compute diluted earnings per share:

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: 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: On December 31, 2020, Berclair Inc. had 300 million shares of common stock and 5 million shares of…

A: EPS termed as Earnings per share which refers to the monetary value of the earnings per outstanding…

Q: On December 31, 2020, Berclair Inc. had 360 million shares of common stock and 12 million shares of…

A: For calculating the Basic earnings per share and Diluted Earnings per share for Berclair company : =…

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Q: Stanley Department Stores reported net income of $720,000 for the year ended December 31, 2021.…

A:

Q: Stanley Department Stores reported net income of $788,000 for the year ended December 31, 2021.…

A: Introduction: To evaluate the performance of the company, stockholders widely use earnings per share…

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

A:

Q: Sendee Company's retained earnings on December 31, 2020 was $2,150,000 and its shareholders' equity…

A: NET INCOME = $250,000 LESS : CASH DIVIDEND = $75,000 1. BALANCE INCOME TRANSFERRED TO RETAINED…

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…

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Q: On January 1, 2019, Concord Corporation had $1,470,000 of common stock outstanding that was issued…

A: Dividend means an amount paid by a corporation/company to its stockholders, out of profit. Dividend…

Q: At December 31, 2021, Hancock Company had 500,000 shares of common stock issued and outstanding,…

A: Earnings per share = Net IncomeWeighted Average number of shares

Q: Lola Inc. must compute EPS for its 2020 reports. The following information is available to the…

A: Dilutive EPS refers to if all the securities are exercised, then the quality of earning per share is…

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: On December 31, 2020, Berclair Inc. had 280 million shares of common stock and 3 million shares of…

A: working notes: Basic EPS: Weighted average shares of common stock outstanding. Basic EPS = Net…

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

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Q: On December 31, 2020, Berclair Inc. had 500 million shares of common stock and 3 million shares of 9…

A: Given,   Net income   = $800 million   Preferred dividend  =  ( 9% ×$100=$9/share)…

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A: Basic EPS = Net income for equity / Weighted average number of equity shares

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: Marigold Corporation had 2020 net income of $1,066,000. During 2020, Marigold paid a dividend of $2…

A: Formula: Total preferred dividend = Number of preference shares x Dividend per share. EPS = ( Net…

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A: Earnings per share = Earnings after payment of preferred dividends Weighted Number of common shares…

Q: Stanley Department Stores reported net income of $738,000 for the year ended December 31, 2021.…

A: Solution:- Calculation of Earning per share and diluted earning per share as follows:-

Q: On January 1, 2020, Frontier Corporation had $1,000,000 of common stock outstanding that was issued…

A: Given information is: Outstanding common stock = $10,00,000 Retained Earnings = $750,000 Net income…

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

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.