Question

Understanding EPS Calculations On its Form 10-K for the year ended December 31, 2018, Bank of America Corp. reported informat

0 0
Add a comment Improve this question Transcribed image text
Answer #1

A B C D E F G 1 $ millions, except per share amounts 2 Net income 3 Preferred stock dividends 4 Net income applicable to comm

B с D E F G 2015 2013 d. =+G4+G3 28147 А 1 $ millions, except per share amounts 2 Net income 3 Preferred stock dividends 4 Ne

Add a comment
Know the answer?
Add Answer to:
Understanding EPS Calculations On its Form 10-K for the year ended December 31, 2018, Bank of...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Understanding EPS Calculations On its Form 10-K for the year ended December 31, 2015, Bank of...

    Understanding EPS Calculations On its Form 10-K for the year ended December 31, 2015, Bank of America Corp. reported information related to basic earnings per share. Fill in the missing information. Rounding instruction: Round answer a. to two decimal places. Round answer b., c., & d. to the nearest million. Round answer e. to three decimal places. $ millions, except per share amounts 2015 2014 2013 Net income $15,888 $4,833 d. Answer Preferred stock dividends $1,483 b. Answer $1,349 Net...

  • og question Understanding EPS Calculations On its Form 10-K for the year ended December 31, 2015,...

    og question Understanding EPS Calculations On its Form 10-K for the year ended December 31, 2015, Bank of America Corp. reported information related to basic earnings per share. Fill in the missing information. Rounding instruction: Round answer a. to two decimal places. Round answer b., C., & d. to the nearest million. Round answer e. to three decimal places. S millions, except per share amounts Net income Preferred stock dividends Net income applicable to common shareholders Average common shares outstanding...

  • Question text Understanding EPS Calculations On its Form 10-K for the year ended December 31, 2015,...

    Question text Understanding EPS Calculations On its Form 10-K for the year ended December 31, 2015, Bank of America Corp. reported information related to basic earnings per share. Fill in the missing information. Rounding instruction: Round answer a. to two decimal places. Round answer b., c., & d. to the nearest million. Round answer e. to three decimal places. $ millions, except per share amounts 2015 2014 2013 Net income $17,287 $4,833 d. Answer Incorrect Mark 0.00 out of 1.00...

  • M8-20. Understanding EPS Calculations On its Form 10-K for the year ended December 31,2015, Bank of...

    M8-20. Understanding EPS Calculations On its Form 10-K for the year ended December 31,2015, Bank of America Corp. reported information related to basic earnings per share. Fill in the missing information 2015 $15,888 $01,483 $14,405 S millions, except per share amounts 2014 2013 $4,833 Preferred stock div Net income applicable to common shareholders.. . . . . . Average common shares outstanding . . . Basic earnings per share . . .. . . . .. $01,349 $10,082 c 10,462.282...

  • Stanley Department Stores reported net income of $731,000 for the year ended December 31, 2018 Additional...

    Stanley Department Stores reported net income of $731,000 for the year ended December 31, 2018 Additional Information: 60,000 12,000 Common shares outstanding at Jan. 1. 2018 Incentive stock options (vested in 2017) outstanding throughout 2018 (Each option is exereisable for one common share at an exercise price of $20.50) During the year, the market price of Stanley's common stock averaged $24.6 per share. On Aug. 30 Stanley sold 15,000 common shares. Stanley's only debt consisted of $31,000 of 100 short...

  • 6 Stanley Department Stores reported net income of $755,000 for the year ended December 31, 2018....

    6 Stanley Department Stores reported net income of $755,000 for the year ended December 31, 2018. Additional Information: 0.5 points 75,000 12,000 eBook Common shares outstanding at Jan. 1, 2018 Incentive stock options (vested in 2017) outstanding throughout 2018 (Each option is exercisable for one common share at an exercise price of $22.00) During the year, the market price of Stanley's common stock averaged $26.4 per share. On Aug. 30 Stanley sold 15,000 common shares. Stanley's only debt consisted of...

  • Sunland Corporation had net income of $50,500 for the year ended December 31, 2020, and a...

    Sunland Corporation had net income of $50,500 for the year ended December 31, 2020, and a weighted average number of common shares outstanding of 12,400. The following information is provided regarding the capital structure: 1. 8% convertible debt, 260 bonds each convertible into 42 common shares. The bonds were outstanding for the entire year. The income tax rate is 40%. The bonds were issued at par ($1,150 per bond). No bonds were converted during the year. 2. 3% convertible, cumulative...

  • Information from the financial statements of Ames Fabricators, Inc., included the following:    December 31 2018...

    Information from the financial statements of Ames Fabricators, Inc., included the following:    December 31 2018 2017 Common shares 100,000 100,000 Convertible preferred shares (convertible into 46,000 shares of common) 20,400 20,400 10% convertible bonds (convertible into 20,000 shares of common) $ 1,000,000 $ 1,000,000 Ames’s net income for the year ended December 31, 2018, is $640,000. The income tax rate is 40%. Ames paid dividends of $5 per share on its preferred stock during 2018. Required: Compute basic and...

  • Information from the financial statements of Ames Fabricators, Inc., included the following:    December 31 2018...

    Information from the financial statements of Ames Fabricators, Inc., included the following:    December 31 2018 2017 Common shares 100,000 100,000 Convertible preferred shares (convertible into 46,000 shares of common) 20,400 20,400 10% convertible bonds (convertible into 20,000 shares of common) $ 1,000,000 $ 1,000,000 Ames’s net income for the year ended December 31, 2018, is $640,000. The income tax rate is 40%. Ames paid dividends of $5 per share on its preferred stock during 2018. Required: Compute basic and...

  • Information from the financial statements of Ames Fabricators, Inc., included the following: December 31 2018 2017...

    Information from the financial statements of Ames Fabricators, Inc., included the following: December 31 2018 2017 Common shares 100,000 100,000 Convertible preferred shares (convertible into 42,000 shares of common) 18,000 18,000 106 convertible bonds (convertible into 20,000 shares of common) $1,000,000 $1,000,000 Ames's net income for the year ended December 31, 2018, is $600,000. The income tax rate is 40%. Ames paid dividends of $5 per share on its preferred stock during 2018 Required: Compute basic and diluted earnings per...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT