Homework Answers
Earnings per share = (Net income - Preferred dividend) / Average shares outstanding
Average shares outstanding = (215 + 175) /2
= 390 /2
= 195
EPS = (545 - 22) / 195
= $2.68
Correct choice B
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I need a little assistance with the last section please. The following information is available for...
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I need help with this problem Please! Thank You so much Problem 4-4 (Part Level Submission)...
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Please break it down completely. I need to see how the answer is
found. There are 3 parts to this question attatched. Thanks
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You are provided with the following information for Splish Brothers Inc., effective as of its April 30, 2017, year-end. $ 869 Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Income tax expense Income taxes payable Insurance expense Interest expense Inventory Land Mortgage payable Notes payable Prepaid insurance Retained earnings (beginning) Salaries and wages expense Salaries and wages payable Sales revenue Stock investments (short-term) 915 670 1,375 1,215 1,095 300 360 2,525...
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I need a little assistance with the last section
please.
The following information is available for Marin Corporation for 2016 (its first year of operations). 1. Excess of tax depreciation over book depreciation, $36,800. This $36,800 difference will reverse equally over the years 2017-2020. 2. Deferral, for book purposes, of $20,200 of rent received in advance. The rent will be recognized in 2017. 3. Pretax financial income, $310,100. 4. Tax rate for all years, 40%. Compute taxable income for 2016....
I need help with this problem Please! Thank You so much
Problem 4-4 (Part Level Submission) Swifty Inc. reported income from continuing operations before tax of $1,969,000 during 2017. Additional transactions occurring in 2017 but not included in the $1,969,000 are as follows: 1. The corporation experienced an insured flood loss of $88,000 during the year. 2. At the beginning of 2015, the corporation purchased a machine for $59,400 (residual value of $9,900) that has a useful life of six...
Please break it down completely. I need to see how the answer is
found. There are 3 parts to this question attatched. Thanks
The following summarized data (amounts in millions) are taken from the September 30, 2017, and September 24, 2016, comparative financial statements of Apple Inc., a company that designs, manufactures, and markets mobile communication and media devices and personal computers; sells a variety of related software, services, accessories, networking solutions, and offers third-party digital content and applications: 2017...
I NEED URGENT HELP PLEASE, MY ASSIGNMENT IS DUE IN HALF AN HOUR.
THANK YOU IN ADVANCE!!
I need Answers for all 3 columns; Preferred, Common and
Total, please.
I need answers for all Credit and Debit columns please,
thank you!
Current Attempt in Progress The shareholders'equity of Deer Ltd. at the end of 2020 and 2019 appeared as follows: 2020 Share capital, preferred shares, $2 cumulative, 2,000,000 shares authorized, 26,700 shares issued $213,600 Share capital, 5,000,000 common shares authorized...
Need help figuring out Retained earnings in part 2 on
the balance sheet.
please show work
Flint Company reported the following amounts in the stockholders' equity section of its December 31, 2016, balance sheet Preferred stock, 9%. $100 par (10,000 shares authorized, 1.800 shares issued) $180,000 Common stock. $5 par (101,500 shares authorized. 20,300 shares issued) Additional paid-in capital 130,000 Retained earnings 486,000 Total $897.500 During 2017, Flint took part in the following transactions concerning stockholders' equity. 1. Paid the...
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