Connect Access Card for Financial Accounting: Information and Decisions
8th Edition
ISBN: 9781259662966
Author: John J Wild
Publisher: McGraw-Hill Education
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Chapter 11, Problem 13E
1.
Summary Introduction
Introduction: Common stockholders are the owners of the common stocks of the company. They receive dividend on their shareholding in the company. They are paid after paying dividend to the preferred stocks.
To calculate:The amount of net income available to common stockholders for 2016.
2.
Summary Introduction
Introduction: EPS refers to the amount of money which is earned by the shareholders per share on their number of shares in the company. It is calculated by dividing the net income available to shareholders by the weighted average number of common stocks.
To calculate:The basic EPS of company for year 2016.
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Suppose the following financial information is available for Walgreen Company.
(in millions)
2017
2016
Average common stockholders' equity
$12,880.0
$11,580.0
Dividends declared for common stockholders
490
410
Dividends declared for preferred stockholders
Net income
1,840
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Suppose the following financial information is available for Walgreen Company.
(in millions)
2017
2016
Average common stockholders' equity
$12,990.0
$11,690.0
Dividends declared for common stockholders
545
390
Dividends declared for preferred stockholders
Net income
1,895
2,195
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12.5%.)
2017
2016
Payout ratio
On its Form 10-K for the year ended December 31, 2018, Bank of America Corp. reported information related to basic earnings per share.Fill in the missing information.
Rounding instruction:
Round answer a. to two decimal places.Round answer b., c., & d. to the nearest million.Round answer e. to one decimal place.
$ millions, except per share amounts
2018
2017
2016
Net income
$28,147
$18,232
d.
Answer
Preferred stock dividends
1,451
b.
Answer
$1,682
Net income applicable to common shareholders
26,696
c.
Answer
$16,140
Average common shares outstanding
10,096.5
10,195.6
e.
Answer
Basic earnings per share
a.
Answer
$1.63
$1.57
Chapter 11 Solutions
Connect Access Card for Financial Accounting: Information and Decisions
Ch. 11 - Prob. 1DQCh. 11 - How are organization expenses reported?Ch. 11 - Prob. 3DQCh. 11 - What is the difference between authorized shares...Ch. 11 - Prob. 5DQCh. 11 - Prob. 6DQCh. 11 - Prob. 7DQCh. 11 - Prob. 8DQCh. 11 - Prob. 9DQCh. 11 - Prob. 10DQ
Ch. 11 - Prob. 11DQCh. 11 - Prob. 12DQCh. 11 - What is the didfference between a stock dividend...Ch. 11 - Prob. 14DQCh. 11 - Prob. 15DQCh. 11 - Prob. 16DQCh. 11 - Prob. 17DQCh. 11 - Prob. 18DQCh. 11 - Prob. 19DQCh. 11 - Prob. 20DQCh. 11 - Prob. 21DQCh. 11 - Prob. 22DQCh. 11 - Prob. 1QSCh. 11 - Prob. 2QSCh. 11 - Prob. 3QSCh. 11 - Prob. 4QSCh. 11 - Prob. 5QSCh. 11 - Prob. 6QSCh. 11 - Prob. 7QSCh. 11 - Prob. 8QSCh. 11 - Prob. 9QSCh. 11 - Prob. 10QSCh. 11 - Prob. 11QSCh. 11 - Prob. 12QSCh. 11 - Prob. 13QSCh. 11 - Prob. 14QSCh. 11 - Prob. 15QSCh. 11 - Prob. 16QSCh. 11 - Dividend yield A3 Foxburo Company expects to pay a...Ch. 11 - Prob. 18QSCh. 11 - Prob. 19QSCh. 11 - Prob. 1ECh. 11 - Prob. 2ECh. 11 - Prob. 3ECh. 11 - Prob. 4ECh. 11 - Prob. 6ECh. 11 - Prob. 7ECh. 11 - York’s outstanding stock consists of 80,000 shares...Ch. 11 - Use the data in Exercise 118 to determine the...Ch. 11 - Prob. 10ECh. 11 - Prob. 11ECh. 11 - Prob. 12ECh. 11 - Prob. 13ECh. 11 - Prob. 14ECh. 11 - Prob. 15ECh. 11 - Prob. 16ECh. 11 - Prob. 17ECh. 11 - Prob. 18ECh. 11 - Prob. 1PSACh. 11 - Prob. 2PSACh. 11 - Prob. 3PSACh. 11 - Prob. 4PSACh. 11 - Prob. 5PSACh. 11 - Prob. 1PSBCh. 11 - Prob. 2PSBCh. 11 - Prob. 3PSBCh. 11 - Prob. 4PSBCh. 11 - Refer to Apples financial statements in Appendix A...Ch. 11 - Prob. 2BTNCh. 11 - Harriet Moore is an accountant for New World...
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