During all of fiscal year 2017, Alpha Corporation had outstanding 100,000 shares of $10 par common...
During all of fiscal year 2017, Alpha Corporation had outstanding 100,000 shares of $10 par common stock and 5,000 shares of noncumulative, $100 par value, 6% preferred stock. For 2017, Alpha Corporation had $230,000 net income and dividends were paid only to preferred shareholders. Use this information to determine how much Alpha Corporation should report for 2017 basic earnings (loss) per share for income (loss) from continuing operations. If it is a loss EPS then present the value in brackets.
Homework Answers
Add Answer to:
During all of fiscal year 2017, Alpha Corporation had
outstanding 100,000 shares of $10 par common...
At December 31, 2017, Concord Corporation had the following shares outstanding: 8% cumulative preferred shares, 100,000...
At December 31, 2017, Concord Corporation had the following shares outstanding: 8% cumulative preferred shares, 100,000 shares outstanding $10,000,000 Common shares, 3,940,000 shares outstanding 19,700,000 During 2017, the corporation’s only share transaction was the issuance of 360,000 common shares on April 1. During 2017, the following also occurred: Income from continuing operations before tax $22,760,000 Discontinued operations (loss before tax) 3,032,000 Preferred dividends declared 800,000 Common dividends declared 2,270,000 Effective tax rate 31% Calculate earnings per share information as it...
Zekany Corporation had 190,000 shares of common stock and 19,000 shares of 8%, $100 par convertible preferred stock outstanding during the year. Net income for the year was $490,000 and dividends were paid to both common and preferred shareholders. Zekany
Zekany Corporation had 190,000 shares of common stock and 19,000 shares of 8%, $100 par convertible preferred stock outstanding during the year. Net income for the year was $490,000 and dividends were paid to both common and preferred shareholders. Zekany's effective tax rate is 25%.What is Zekany's basic EPS?
Zelda Corporation had outstanding 5,000 shares of $40 par, 8 percent cumulative preferred stock and 100,000 shares of $...
Zelda Corporation had outstanding 5,000 shares of $40 par, 8 percent cumulative preferred stock and 100,000 shares of $10 par-value common stock. The corporation declares and pays dividends as follows: Year 1, $20,000; Year 2, $0; Year 3, $12,000; Year 4, $75,000. Instructions: Determine the dividends paid to preferred and common stockholders.
Throughout 2014, H had 3,770,000 shares of common stock issued and outstanding and 100,000 shares of...
Throughout 2014, H had 3,770,000 shares of common stock issued and outstanding and 100,000 shares of 6%, $50 par value convertible preferred stock issued outstanding. Each share of preferred stock can be converted into 4 shares of B’s common stock. H’s net income for 2014 was $9,420,000. During 2014 H paid $300,000 of preferred dividends. H’s income tax rate is 20%. During the entire year ending 12-31-14, H had 400,000 outstanding and exercisable employee stock options that were granted to...
At December 31, 2016, Ivanhoe Corporation had the following stock outstanding. 10% cumulative preferred stock, $100...
At December 31, 2016, Ivanhoe Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,760 shares $10,776,000 Common stock, $5 par, 4,025,000 shares 20,125,000 During 2017, Ivanhoe did not issue any additional common stock. The following also occurred during 2017. Income from continuing operations before taxes $21,900,000 Discontinued operations (loss before taxes) $3,345,000 Preferred dividends declared $1,077,600 Common dividends declared $2,400,000 Effective tax rate 35 % Compute earnings per share data as it should appear in the...
On December 31, 2017, Ainsworth, Inc., had 550 million shares of common stock outstanding. Eighteen million...
On December 31, 2017, Ainsworth, Inc., had 550 million shares of common stock outstanding. Eighteen million shares of 6%, $100 par value cumulative, nonconvertible preferred stock were sold on January 2, 2018. On April 30, 2018, Ainsworth purchased 50 million shares of its common stock as treasury stock. Twenty million treasury shares were sold on August 31. Ainsworth issued a 4% common stock dividend on June 12, 2018. No cash dividends were declared in 2018. For the year ended December...
on December 31, 2017, Ainsworth, Inc. had 650 million shares of common stock outstanding. Thirty five...
on December 31, 2017, Ainsworth, Inc. had 650 million shares of common stock outstanding. Thirty five million shares of 8%. $100 par value cumulative, nonconvertible preferred stock were sold on January 2 shares of its common stock as treasury stock. Twenty milion treasury shares wer Ainsworth purchased 50 million sold on August 31, Ainsworth issued a 4% common dividend on June 12, 2018 No cash dividends were declared in 2018. For the year ended December 31, 2018, Ainsworth lion, including...
Ignatius Corporation had 13 million shares of common stock outstanding during the current calendar year. It...
Ignatius Corporation had 13 million shares of common stock outstanding during the current calendar year. It issued 24,000, $1,000, convertible bonds on January 1. Each bond is convertible into 50 shares of common stock. The bonds were issued at face amount and pay interest semiannually at an annual rate of 12%. On June 30, Ignatius issued 240,000 shares of $100 par 6% cumulative preferred stock. Dividends are declared and paid quarterly. Ignatius has an effective tax rate of 40%. Ignatius...
Paul Company had 100,000 shares of common stock outstanding on January 1,2018. On September 30, 2018,...
Paul Company had 100,000 shares of common stock outstanding on January 1,2018. On September 30, 2018, Paul sold 58,000 shares of common stock for cash. Paul also had 15,000 shares of convertible preferred stock outstanding throughout 2018. The preferred stock is $100 par, 7%, and is convertible into 3 shares of common for each share of preferred. Paul also had 600, 996, convertible bonds outstanding throughout 2018. Each $1,000 bond is convertible into 30 shares of common stock. The bonds...
Paul Company had 100,000 shares of common stock outstanding on January 1, 2018. On September 30,...
Paul Company had 100,000 shares of common stock outstanding on January 1, 2018. On September 30, 2018, Paul sold 48,000 shares of common stock for cash. Paul also had 10,000 shares of convertible preferred stock outstanding throughout 2018. The preferred stock is $100 par, 6%, and is convertible into 3 shares of common for each share of preferred. Paul also had 500, 8%, convertible bonds outstanding throughout 2018. Each $1,000 bond is convertible into 30 shares of common stock. The...
Zelda Corporation had outstanding 5,000 shares of $40 par, 8 percent cumulative preferred stock and 100,000 shares of $10 par-value common stock. The corporation declares and pays dividends as follows: Year 1, $20,000; Year 2, $0; Year 3, $12,000; Year 4, $75,000. Instructions: Determine the dividends paid to preferred and common stockholders.
On December 31, 2017, Ainsworth, Inc., had 550 million shares of common stock outstanding. Eighteen million shares of 6%, $100 par value cumulative, nonconvertible preferred stock were sold on January 2, 2018. On April 30, 2018, Ainsworth purchased 50 million shares of its common stock as treasury stock. Twenty million treasury shares were sold on August 31. Ainsworth issued a 4% common stock dividend on June 12, 2018. No cash dividends were declared in 2018. For the year ended December...
on December 31, 2017, Ainsworth, Inc. had 650 million shares of common stock outstanding. Thirty five million shares of 8%. $100 par value cumulative, nonconvertible preferred stock were sold on January 2 shares of its common stock as treasury stock. Twenty milion treasury shares wer Ainsworth purchased 50 million sold on August 31, Ainsworth issued a 4% common dividend on June 12, 2018 No cash dividends were declared in 2018. For the year ended December 31, 2018, Ainsworth lion, including...
Ignatius Corporation had 13 million shares of common stock outstanding during the current calendar year. It issued 24,000, $1,000, convertible bonds on January 1. Each bond is convertible into 50 shares of common stock. The bonds were issued at face amount and pay interest semiannually at an annual rate of 12%. On June 30, Ignatius issued 240,000 shares of $100 par 6% cumulative preferred stock. Dividends are declared and paid quarterly. Ignatius has an effective tax rate of 40%. Ignatius...
Paul Company had 100,000 shares of common stock outstanding on January 1,2018. On September 30, 2018, Paul sold 58,000 shares of common stock for cash. Paul also had 15,000 shares of convertible preferred stock outstanding throughout 2018. The preferred stock is $100 par, 7%, and is convertible into 3 shares of common for each share of preferred. Paul also had 600, 996, convertible bonds outstanding throughout 2018. Each $1,000 bond is convertible into 30 shares of common stock. The bonds...
Most questions answered within 3 hours.
-
Two wave pulses travel on a string toward each other. The wave
pulses can be described...
asked 13 minutes ago -
1.A solution has a pH of 5.5. What would be the color of the
solution if...
asked 26 minutes ago -
Over time, hydrogen peroxide, H2O2,
degrades into water and oxygen gas. A bottle of hydrogen
peroxide is...
asked 21 minutes ago -
2. Consider the following data table for a hypothetical
economy.
Aggregate
Consumption
Personal
&n
asked 25 minutes ago -
Adidas Runs Into Supply-Chain Problems in Crucial North
American Market
Shares fall amid concern the sporting-goods...
asked 26 minutes ago -
The physical plant at the main campus of a large state
university recieves daily requests to...
asked 1 hour ago -
Determine the probability p(2) for a binomial
experiment with n=12 trials and the success probability
p=0.1....
asked 38 minutes ago -
What is the vapor pressure at 20 degrees C of an ideal solution
prepared by the...
asked 35 minutes ago -
You want to find the independent and dependent variables taken
from a sample of 30 dropouts....
asked 1 hour ago -
. A light signal is traveling through a fiber. What is the delay
in the signal...
asked 57 minutes ago -
“Architects can have an important and direct impact on thermal
comfort and IAQ for improving design...
asked 41 minutes ago -
A 1.10 kg sample of a metal sample absorbs 43.5 kJ of heat,
resulting in a...
asked 1 hour ago