Homework Answers
Total sales = 100000+90000 = $190000
Gross income before tax payment = 190000 + 2400 - 60000 - 15000 - 5000
Gross income before tax payment = $112400
After tax net income = 112400*(1-25%) = $84300
Earning per share = After tax net income/number of shares = 84300/10000
Earning per share = $8.43
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Determine a firm's earnings per share from the following information Corporate income tax rate Number of...
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How to find earnings per share of common stock?
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I cannot seem to get the earnings per share of common stock correct.. Earnings per Share...
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How to find earnings per share of common stock?
Earnings per Share and Multiple-Step Income Statement The following summarized data relate to Bowden Corporation's current operations: Sales revenue Cost of goods sold Selling expenses Administrative expenses Loss on sale of equipment Income tax expense Shares of common stock Outstanding at January 1 Additional issued at May 1 Additional issued at November 1 $745,000 450,000 58,000 72,000 5,000 64,000 15,000 shares 7,000 shares 2,000 shares Required Prepare a multiple-step income statement...
Prepare an income statement and compute earnings per share, with
formulas.
Sales Depreciation expense Cost of goods sold Interest expense Selling and administrative expense Common shares outstanding Taxes Preferred stock dividends $ $ $ $ $ $ $ $ 66,832,000,000 1,000,000,000 33,449,000,000 506,000,000 18,602,000,000 2,490,000,000 3,465,000,000 100,000,000
I cannot seem to get the earnings per share of common
stock correct..
Earnings per Share and Multiple-Step Income Statement The following summarized data relate to Bowden Corporation's current operations: Sales revenue Cost of goods sold Selling expenses Administrative expenses Loss on sale of equipment Income tax expense Shares of common stock Outstanding at January 1 Additional issued at May 1 Additional issued at November 1 $760,000 450,000 65,000 72,000 5,000 42,000 20,000 shares 7,000 shares 2,000 shares Required Prepare...
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• Statement of Stockholders Equity for the year ending
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• Balance Sheet at December 31, 2019
• Statement of Cash Flows for the year ending December 31,
2018
Note: For Earnings per Share (EPS) calculations, use 10,000
shares of common stock as the weighted average number of shares
outstanding.
Credit Debit 64. 200 2000 5,000...
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