Homework Answers
| Basic Earning per share = (Net Income - Preferred Dividend )/ Average Number Of Common Shares Outstanding | |||||
| =($390000*[15500 shares *$3 each])/155000 shaers | |||||
| =($390000-46500)/155000 | |||||
| =$2.22 per share | |||||
| Correct Option : FIRST | |||||
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Information concerning the capital cature of Sheridan Company is as follows: December 31 2021 2020 Common...
concerning the capital structure of Sheridan Company is as follows: December 31, 2021 2020 Common stock...
concerning the capital structure of Sheridan Company is as follows: December 31, 2021 2020 Common stock 155000 shares 155000 shares Convertible preferred stock 15500 shares 54 convertible bonds 200000 $2330000 During 1021. Sheridan paid dividends of $0.00 per share on its common stock and se e convertible into 75500 shares of common stock. The ne come for the year ended December What should be the base and the for the year December 31, 2021,1 on its referred stock. The breedstock...
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At December 31, 2020 and 2021, Funk & Noble Corporation had outstanding 760 million shares of...
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concerning the capital structure of Sheridan Company is as follows: December 31, 2021 2020 Common stock 155000 shares 155000 shares Convertible preferred stock 15500 shares 54 convertible bonds 200000 $2330000 During 1021. Sheridan paid dividends of $0.00 per share on its common stock and se e convertible into 75500 shares of common stock. The ne come for the year ended December What should be the base and the for the year December 31, 2021,1 on its referred stock. The breedstock...
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Information from the financial statements of Ames Fabricators, Inc., included the following: December 31 2021 2020 Common shares 100,000 100,000 Convertible preferred shares (convertible into 78,000 shares of common) 30,000 30,000 8% convertible bonds (convertible into 30,000 shares of common) $1,000,000 $1,000,000 Ames's net income for the year ended December 31, 2021, is $800,000. The income tax rate is 25%. Ames paid dividends of $5 per share on its preferred stock during 2021. Required: Compute basic and diluted earnings per...
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