Yellow Inc., has 600 outstanding shares of 8% cumulative Preference share, P 100 par and 2,000 shares of P 25 par Ordinary share. Profit at the end of the accounting period is P 23,000. Compute earnings per share
Q: Beta Co. sold 10,000 shares of common stock, which has a par value of $25, for $27 per share.The…
A: Stockholders' equity section of a balance sheet includes paid in capital and retained earnings.
Q: Data relating to the shareholders’ equity of ABC Co. during December 31 are as follows: 8%…
A: Given that, Ordinary share, 26000 shares = P1,040,000 Retained earnings = P7,000,000 Treasury…
Q: James Company has 1,600 shares of $100 par preferred stock, which were issued at par. It also has…
A: Book value per share is the amount of shareholder's equity which is attributable to holder of common…
Q: Sabas Company has 40,000 shares of $100 par, 1% preferred stock and 100,000 shares of $50 par common…
A: First dividends are paid to preferred stockholders and the remaining amount is paid to common…
Q: GHI Co. has the following shareholders’ equity accounts: 8% Preference Share, P10 par P200,000…
A: Dividend per share is computed as the total dividend paid divided by the number of shares…
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: Epic Company earned net income of $900,000 this year. There were 400,000 weighted-average common…
A:
Q: compute for the dividend per share for preference share (round off to two decimal places). *
A: Hi student Since there are multiple questions, we will answer only first question.
Q: Oregon, Inc. reported net income of $105,000. During the current year, the company had 5,000 shares…
A: Calculate the preferred dividend as follows: Preferred dividend= Face value * Preference dividend…
Q: Shalom corporation’s current balance sheet reports the following shareholder’s equity: 5% cumulative…
A: Solution Working note Calculation of Earning available to shareholders - Ordinary share (Issued…
Q: XYZ Company has 50,000 shares of cumulative, 4%, $10 par preferred stock and 100,000 shares of $2…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: Sheridan Corporation reports net income of $ 481,750 and a weighted-average of 235,000 shares of…
A: The net income of $481,750 out of which $23,500 belongs to preferred stock. The remaining $458,250…
Q: Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: ABC Company issued 50,000 shares for P100 per share. Par value of the shares is P10. During the…
A: Treasury stock: Shares that are bought back by the company from the open market but not retired from…
Q: At December 31, the Shareholders’ Equity section shows: Ordinary Share, P 5 par, value 1,320,000…
A: Shareholders’ equity can be defined as the amount invested by the owner in the company. It includes…
Q: The shareholders’ equity of Ceda Corporation is presented below: 10% Preference Share, 2,000 shares…
A: Issue price is the value of share at which the same has been issued by the entity.
Q: GHI Co. has the following shareholders’ equity accounts: 8% Preference Share, P10 par P200,000…
A: Dividend per share is computed as the total dividend paid divided by the number of shares…
Q: Blossom Corporation earned $352,000 during a period when it had an average of 100,000 shares of…
A: Incremental shares = [(Market price - option price)/market price] x no. of warrant = [(15-10)/15] x…
Q: Manly Inc. has 50,000shares of 5% cumulative preference shares 50 par and 100,000 ordinary shares…
A: Earnings per share is the amount which is received by the shareholders in consideration to the…
Q: Windborn Company has 15,000 shares of cumulative preferred 1% stock, $50 par and 50,000 shares of…
A: Par value per preferred share Dividend rate Dividend per preferred share Number of…
Q: A company has 31,000 shares of common stock outstanding. The stockholders' equity applicable to…
A: Book value per share= (Shareholder's equity- Preferred stock )/ Common stock shares
Q: Zero Calories Company has 16,000 shares of cumulative preferred 1% stock, $40 par,and 80,000 shares…
A: Cash dividends: The amount of cash provided by a corporation out of its distributable profits to its…
Q: Throughout the year, Baker Construction Company had3 million shares of common stock and 150,000…
A: Convertible preference share are those preferences shares which carry a right to be converted into…
Q: Manalo Inc., developing mobile commerce applications, has the following outstanding shares: 25,000…
A: Dividends are defined as the amount of profit distributed by the company to its shareholders.
Q: Quickbux Co. issued and sold 1,000 shares of common stock, with a par value of $5, for $12 per…
A: Shareholders' equity includes common stock, preferred stock, paid-in capital in excess of par, and…
Q: Sun Inc. has 5,000 shares of 6%, $100 par value, cumulative preferred stock and 50,000 shares of $1…
A: Formula: Preferred dividend = Preference shares issued x Preferred rate x PAR Value
Q: Torres Inc. issues 40,000 shares of its $0.05 par value common stock for $70 per share. The journal…
A: To record issue of shares at a value more than par value, common stock will be credited by par value…
Q: CACA Co. has the following shareholders’ equity accounts: 8% Preference Share, P10 par P200,000…
A: Dividends: Dividends are given to share holders as a return on their investment in the company.
Q: Brown Company had 200,000 shares of P20 par ordinary and 20,000 shares of P100 par, 6% cumulative,…
A: Formula: Diluted earnings per share = Net income / Total outstanding Ordinary shares
Q: GAMORA Corporation’s shareholders’ equity is composed of 10,000, ₱10 par ordinary shares, ₱40,000…
A: Any Amount above the Par Value will be Transferred to the Share Premium Account from the Accumulated…
Q: Cases Unlimited reported operating income of $780,000, interest expense of $120,000,and net income…
A: Times interest earned ratio = Operating income / Interest expense.
Q: The board of directors of SSS Inc., have declared a dividend of P18,000,000. The company has 40,000…
A: The dividend is the return to the shareholders by the company for the investment made. Shares are…
Q: Windborn Company has 30,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of…
A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…
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: ld Inc., has 600 outstanding shares of 10% cumulative Preference Share, P100 par and 2,000 shares of…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: ane Technologies Inc. reported the following information related to its shareholders' equity on…
A: Number of authorized shares will not change for issue or reacquisition of shares = 1680000 shares
Q: During the current year, Zenith Corp. generated $250,000 of net income from $4,000,000 of revenue.…
A: Ratios are the tools to analyze the company’s profitability, liquidity, etc. Price to earnings ratio…
Q: Alpha Co. sold 10,000 shares of common stock, which has a par value of $10, for $13 per share.The…
A: Stockholders’ equity section of the company’s balance sheet shall contain the details of the funds…
Q: Oregon, Inc., reported net income of $105,000. During the current year, the company had 5,000 shares…
A: Dividend to preferred stockholders = No. of preferred stock x par value per share x rate of dividend…
Q: Green Planet Corp. has (a) 5,600 shares of cumulative 11% preferred stock with a $2 par value and…
A: Cash dividends: The amount of cash provided by a corporation out of its distributable profits to…
Q: Global Corporation had 60,000 shares of $20 par value common stock outstanding on July 1. Later that…
A: Stock dividends are dividends paid to the shareholders in the form of shares i.e. instead of cash…
Q: Halverstein Company's outstanding stock consists of 10,850 shares of cumulative 5% preferred stock…
A: Cumulative Preferred stock is a type of Preferred stock with a provision of that if dividend payment…
Q: Oregon, Inc. reported net income of $105,000. During the current year, the company had 5,000 shares…
A: The earnings per share is calculated as net income divided by outstanding shares.
Q: D. YOU Company has 40,000 shares of common stock outstanding that it originally issued for P30 per…
A: The financial ratio named dividend yield measures the cash dividends quantum which is paid to the…
Q: Windborn Company has 20,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of…
A: Solution: In order to compute dividend per share for each class of stockholders, first we compute…
Q: Stair Step Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares…
A: A dividend seems to be a monetary or non-monetary payment provided by a corporation to its…
Q: Texas Inc. has 8,000 shares of 6%, $125 par value cumulative preferred stock and 97,000 shares of $1…
A: Cumulative Preferred Stock :— It is a type of preferred stock in which any arrear of previous…
Yellow Inc., has 600 outstanding shares of 8% cumulative
Step by step
Solved in 2 steps
- Jupiter Corporation earned net income of $90,000 this year. The company began the year with 600 shares of common stock and issued 500 more on April 1. They issued $5,000 in preferred dividends for the year. What is Jupiter Corporations weighted average number of shares for the year?Longmont Corporation earned net income of $90,000 this year. The company began the year with 600 shares of common stock and issued 500 more on April 1. They issued $5,000 in preferred dividends for the year. What is the numerator of the EPS calculation for Longmont?Given the following year-end information, compute Greenwood Corporations basic and diluted earnings per share. Net income, 15,000 The income tax rate, 30% 4,000 shares of common stock were outstanding the entire year. shares of 10%, 50 par (and issuance price) convertible preferred stock were outstanding the entire year. Dividends of 2,500 were declared on this stock during the year. Each share of preferred stock is convertible into 5 shares of common stock.
- Brunleigh Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is Brunleigh Corporations weighted average number of shares for the year?Ammon Company is authorized to issue 500,000 shares of $5 par value preferred stock. In its first year, the company has the following transaction: Mar. 1, issued 40,000 shares of preferred stock at $20.50 per share. Journalize the transaction.Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)
- Given the following year-end information for Somerset Corporation, compute its basic earnings per share. Net income, 13,000 Preferred dividends declared, 4,000 Weighted average common shares for the year, 4,500Errol Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is the numerator of the EPS calculation for Errol?Silva Company is authorized to issue 5,000,000 shares of $2 par value common stock. In its IPO, the company has the following transaction: Mar. 1, issued 500,000 shares of stock at $15.75 per share for cash to investors. Journalize this transaction.
- Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31, 2016, were as follows: a. Issued 15,000 shares of 20 par common stock at 30, receiving cash. b. Issued 4, 000 shares of 80 par preferred 5% stock at 100, receiving cash. c. Issued 500,000 of 10-year, 5% bonds at 104, with interest payable semiannually. d. Declared a quarterly dividend of 0.50 per share on common stock and 1.00 per share on preferred stock. On the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held, and 20,000 shares of preferred stock were outstanding. e. Paid the cash dividends declared in (d). f. Purchased 7,500 shares of Solstice Corp. at 40 per share, plus a 150 brokerage commission. The investment is classified as an available-for-sale investment. g. Purchased 8,000 shares of treasury common stock at 33 per share. h. Purchased 40,000 shares of Pinkberry Co. stock directly from the founders for 24 per share. Pinkberry has 125,000 shares issued and outstanding. Equinox Products Inc. treated the investment as an equity method investment. i. Declared a 1.00 quarterly cash dividend per share on preferred stock. On the date of record, 20,000 shares of preferred stock had been issued. j. Paid the cash dividends to the preferred stockholders. k. Received 27,500 dividend from Pinkberry Co. investment in (h). l. Purchased 90,000 of Dream Inc. 10-year, 5% bonds, directly from the issuing company, at their face amount plus accrued interest of 37 5. The bonds are classified as a held-to-maturity long -term investment. m. Sold, at 38 per share, 2,600 shares of treasury common stock purchased in (g). n. Received a dividend of 0 .60 per share from the Solstice Corp. investment in (f). o. Sold 1,000 shares of Solstice Corp. at 45, including commission. p. Recorded the payment of semiannual interest on the bonds issue d in (c) and the amortization of the premium for six months. The amortization is determined using the straight-line method . q. Accrued interest for three months on the Dream Inc. bonds purchased in (I). r. Pinkberry Co. recorded total earnings of 240 ,000. Equinox Products recorded equity earnings for its share of Pinkberry Co. net income. s. The fair value for Solstice Corp. stock was 39. 02 per share on December 31, 2016. The investment is adjusted to fair value , using a valuation allowance account. Assume Valuation Allowance for Available-for-Sale Investments h ad a beginning balance of zero. Instructions 1. Journalize the selected transactions. 2. After all of the transaction s for the year ended December 31, 201 6, had been poste d [including the transactions recorded in part (1) and all adjusting entries), the data that follows were taken from the records of Equinox Products Inc. a. Prepare a multiple-step in come statement for the year ended December 31, 201 6, concluding with earnings per share . In computing earnings per share, assume that the average number of common shares outstanding was 100,000 and preferred dividends were 100,000. ( Round earnings per share to the nearest cent.) b. Prepare a retained earnings statement for the year ended December 31, 20 6. c. Prepare a balance sheet in report form as of December 31, 2016.Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)Bastion Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is the EPS for the year for Bastion?