Capital Consulting Company had 330,000 shares of common stock outstanding on December 31, 2017. On that...
Capital Consulting Company had 330,000 shares of common stock outstanding on December 31, 2017. On that date, there were also 4,300 shares of $100 par, 6% noncumulative preferred stock outstanding. On March 1, 2018, the company's common stock split 4-for-1. On December 15, 2018, a preferred dividend was declared and paid in the amount of $18,000. Net income for 2018 was $2,300,000.
Required: Compute basic earnings per share for the year ended December 31, 2018. (Round your answer to 2 decimal places.)
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Capital Consulting Company had 330,000 shares of common stock
outstanding on December 31, 2017. On that...
On December 31, 2017, Dow Steel Corporation had 640,000 shares of common stock and 34,000 shares...
On December 31, 2017, Dow Steel Corporation had 640,000 shares
of common stock and 34,000 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
$440,000 and $73,000 to common and preferred shareholders,
respectively, on December 15, 2018.
On February 28, 2018, Dow sold 57,000 common shares. In keeping
with its long-term share repurchase plan, 6,000 shares were retired
on July 1. Dow's net income...
On December 31, 2017, Dow Steel Corporation had 640,000 shares of common stock and 34,000 shares...
On December 31, 2017, Dow Steel Corporation had 640,000 shares of common stock and 34,000 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 $440,000 and $73,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 57,000 common shares. Also, as a part of a 2017 agreement for the acquisition of Merrill Cable Company, another 27,000 shares...
,On December 31, 2017, Dow Steel Corporation had 640,000 shares of common stock and 34,000 shares...
,On December 31, 2017, Dow Steel Corporation had 640,000 shares of common stock and 34,000 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 $440,000 and $73,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 57,000 common shares. In keeping with its long-term share repurchase plan, 6,000 shares were retired on July 1. Dow's net income...
On December 31, 2017, Dow Steel Corporation had 760,000 shares of common stock and 46,000 shares...
On December 31, 2017, Dow Steel Corporation had 760,000 shares of common stock and 46,000 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 $560,000 and $85,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 63,000 common shares. In keeping with its long-term share repurchase plan, 4,000 shares were retired on July 1. Dow's net income...
Parsley Corporation had 330,000 shares of common stock and 5,800 shares of 9%, $100 par, preferred...
Parsley Corporation had 330,000 shares of common stock and 5,800 shares of 9%, $100 par, preferred stock outstanding on December 31, 2017. The preferred stock is cumulative, nonconvertible preferred stock. On June 1, 2018, Parsley sold 44,000 shares of common stock for cash. No cash dividends were declared for 2018. Parsley reported a net loss of $328,000 for the year ended December 31, 2018. Required: Calculate Parsley's loss per share for the year ended December 31, 2018. (Round your answer...
Kramer Inc. had 104 million shares of common stock, 1 million shares of 6%, $100 par,...
Kramer Inc. had 104 million shares of common stock, 1 million shares of 6%, $100 par, cumulative preferred stock, and 1 million shares of 8%, $100 par, noncumulative preferred stock outstanding at the end of 2017 and 2018. No dividends were declared or paid on common stock in either year. In 2018, a $3.9 million dividend was paid on the 6% preferred stock and a $4.9 million dividend was paid on the 8% preferred stock. Net income for 2018 was...
Kramer Inc. had 86 million shares of common stock, 1 million shares of 5%, $100 par,...
Kramer Inc. had 86 million shares of common stock, 1 million shares of 5%, $100 par, cumulative preferred stock, and 1 million shares of 7%, $100 par, noncumulative preferred stock outstanding at the end of 2017 and 2018. No dividends were declared or paid on common stock in either year. In 2018, a $2.1 million dividend was paid on the 5% preferred stock and a $3.1 million dividend was paid on the 7% preferred stock. Net income for 2018 was...
At December 31, 2017, Albrecht Corporation had outstanding 248,000 shares of common stock and 14,000 shares...
At December 31, 2017, Albrecht Corporation had outstanding 248,000 shares of common stock and 14,000 shares of 9.5%, $100 par value cumulative, nonconvertible preferred stock. On May 31, 2018, Albrecht sold for cash 12,000 shares of its common stock. No cash dividends were declared for 2018. For the year ended December 31, 2018, Albrecht reported a net loss of $326,000. Required: Calculate Albrecht's net loss per share for the year ended December 31, 2018. (Enter your answers in thousands. Negative...
On December 31, 2017, Dow Steel Corporation had 790,000 shares of common stock and 49,000 shares...
On December 31, 2017, Dow Steel Corporation had 790,000 shares of common stock and 49,000 shares of 7%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $590,000 and $88,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 72,000 common shares. Also, as a part of a 2017 agreement for the acquisition of Merrill Cable Company, another 19,000 shares...
On December 31, 2017, Dow Steel Corporation had 730,000 shares of common stock and 43,000 shares...
On December 31, 2017, Dow Steel Corporation had 730,000 shares of common stock and 43,000 shares of 9%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 5% common stock dividend on May 15 and paid cash dividends of $530,000 and $82,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 60,000 common shares. Also, as a part of a 2017 agreement for the acquisition of Merrill Cable Company, another 24,000 shares...
On December 31, 2017, Dow Steel Corporation had 640,000 shares
of common stock and 34,000 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
$440,000 and $73,000 to common and preferred shareholders,
respectively, on December 15, 2018.
On February 28, 2018, Dow sold 57,000 common shares. In keeping
with its long-term share repurchase plan, 6,000 shares were retired
on July 1. Dow's net income...
On December 31, 2017, Dow Steel Corporation had 760,000 shares of common stock and 46,000 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 $560,000 and $85,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 63,000 common shares. In keeping with its long-term share repurchase plan, 4,000 shares were retired on July 1. Dow's net income...
Kramer Inc. had 86 million shares of common stock, 1 million shares of 5%, $100 par, cumulative preferred stock, and 1 million shares of 7%, $100 par, noncumulative preferred stock outstanding at the end of 2017 and 2018. No dividends were declared or paid on common stock in either year. In 2018, a $2.1 million dividend was paid on the 5% preferred stock and a $3.1 million dividend was paid on the 7% preferred stock. Net income for 2018 was...
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