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Exercise 19-12 EPS; shares Issued; stock dividend [LO19-5, 19-6] For the year ended December 31, 2018,...
LO19-5, 19-6] For the year ended December 31, 2018, Norstar Industries reported net income of $970,000....
LO19-5, 19-6] For the year ended December 31, 2018, Norstar Industries reported net income of $970,000. At January 1 2018, the company had 1,090,000 common shares outstanding. The following changes in the number of shares occurred during 2018: Apr. 3e Sold 90, eee shares in a public offering. May 24 Declared and distributed a 5 stock dividend. June 1 Issued 102, eee shares as part of the consideration for the purchase of assets from a subsidiary. Required: Compute Norstar's earnings...
For the year ended December 31, 2018, Norstar Industries reported net income of $940,000. At January...
For the year ended December 31, 2018, Norstar Industries reported net income of $940,000. At January 1, 2018, the company had 860,000 common shares outstanding. The following changes in the number of shares occurred during 2018: Apr. 30 Sold 60,000 shares in a public offering. May 24 Declared and distributed a 5% stock dividend. June 1 Issued 60,000 shares as part of the consideration for the purchase of assets from a subsidiary. Required: Compute Norstar's earnings per share for the...
For the year ended December 31, 2018, Norstar Industries reported net income of $970,000. At January...
For the year ended December 31, 2018, Norstar Industries reported net income of $970,000. At January 1, 2018, the company had 1,090,000 common shares outstanding. The following changes in the number of shares occurred during 2018: Apr. 30 Sold 90,000 shares in a public offering. May 24 Declared and distributed a 5% stock dividend. June 1 Issued 102,000 shares as part of the consideration for the purchase of assets from a subsidiary. Required: Compute Norstar's earnings per share for the...
For the year ended December 31, 2018, Norstar Industries reported net income of $925,000. At January...
For the year ended December 31, 2018, Norstar Industries reported net income of $925,000. At January 1, 2018, the company had 800,000 common shares outstanding. The following changes in the number of shares occurred during 2018: Apr. 30 Sold 45,000 shares in a public offering. May 24 Declared and distributed a 5% stock dividend. June 1 Issued 42,000 shares as part of the consideration for the purchase of assets from a subsidiary. Required: Compute Norstar's earnings per share for the...
For the year ended December 31, 2018, Norstar Industries reported net income of $945,000. At January...
For the year ended December 31, 2018, Norstar Industries reported net income of $945,000. At January 1, 2018, the company had 880,000 common shares outstanding. The following changes in the number of shares occurred during 2018: Apr. 30 Sold 65,000 shares in a public offering. May 24 Declared and distributed a 5% stock dividend. June 1 Issued 66,000 shares as part of the consideration for the purchase of assets from a subsidiary. Required: Compute Norstar's earnings per share for the...
For the year ended December 31, 2018, Norstar Industries reported net income of $980,000. At January...
For the year ended December 31, 2018, Norstar Industries reported net income of $980,000. At January 1, 2018, the company had 1,130,000 common shares outstanding. The following changes in the number of shares occurred during 2018: Apr. 30 Sold 100,000 shares in a public offering. May 24 Declared and distributed a 5% stock dividend. June 1 Issued 114,000 shares as part of the consideration for the purchase of assets from a subsidiary. Required: Compute Norstar's earnings per share for the...
For the year ended December 31, 2018, Norstar Industries reported net income of $955,000. At January...
For the year ended December 31, 2018, Norstar Industries reported net income of $955,000. At January 1, 2018, the company had 1,030,000 common shares outstanding. The following changes in the number of shares occurred during 2018: Apr. 30 Sold 75,000 shares in a public offering. May 24 Declared and distributed a 5% stock dividend. June 1 Issued 84,000 shares as part of the consideration for the purchase of assets from a subsidiary. Required: Compute Norstar's earnings per share for the...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6,...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6, 19-7, 19-8] On December 31, 2017, Berclair Inc, had 400 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 104 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6,...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6, 19-7, 19-8] On December 31, 2017, Berclair Inc. had 400 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 104 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on...
Problem 19-12 EPS; nonconvertible preferred stock; treasury shares; shares sold; stock dividend; options (LO19-4, 19-5, 19-6,...
Problem 19-12 EPS; nonconvertible preferred stock; treasury shares; shares sold; stock dividend; options (LO19-4, 19-5, 19-6, 19-7, 19-8, 19-10] On December 31, 2017, Dow Steel Corporation had 600,000 shares of common stock and 300,000 shares of 8%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $400,000 and $75,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 60,000 common...
LO19-5, 19-6] For the year ended December 31, 2018, Norstar Industries reported net income of $970,000. At January 1 2018, the company had 1,090,000 common shares outstanding. The following changes in the number of shares occurred during 2018: Apr. 3e Sold 90, eee shares in a public offering. May 24 Declared and distributed a 5 stock dividend. June 1 Issued 102, eee shares as part of the consideration for the purchase of assets from a subsidiary. Required: Compute Norstar's earnings...
For the year ended December 31, 2018, Norstar Industries reported net income of $940,000. At January 1, 2018, the company had 860,000 common shares outstanding. The following changes in the number of shares occurred during 2018: Apr. 30 Sold 60,000 shares in a public offering. May 24 Declared and distributed a 5% stock dividend. June 1 Issued 60,000 shares as part of the consideration for the purchase of assets from a subsidiary. Required: Compute Norstar's earnings per share for the...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6, 19-7, 19-8] On December 31, 2017, Berclair Inc, had 400 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 104 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6, 19-7, 19-8] On December 31, 2017, Berclair Inc. had 400 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 104 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on...
Problem 19-12 EPS; nonconvertible preferred stock; treasury shares; shares sold; stock dividend; options (LO19-4, 19-5, 19-6, 19-7, 19-8, 19-10] On December 31, 2017, Dow Steel Corporation had 600,000 shares of common stock and 300,000 shares of 8%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $400,000 and $75,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 60,000 common...
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