Question

E4.13 (LO 3) (Earnings per Share) At December 31, 2019, Shiga Naoya Corporation had the following stock outstanding. 10% cumu

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

E4.13 (203) solution particulos Amount Income from continued operations $23650000 (-) Discopineed operations ( $3225000) NetEarnings per share Net income available to Common stock holders No. of shares $ 15877750 4000000 Shares $3.9694 = $3.97

Answered as per Chegg answering guidelines please understand.

Add a comment
Know the answer?
Add Answer to:
E4.13 (LO 3) (Earnings per Share) At December 31, 2019, Shiga Naoya Corporation had the following...
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
  • E4.15 (LO 2,5) (Comprehensive Income) Roxanne Carter Corporation reported the following for 2020: net sales $1,200,000,...

    E4.15 (LO 2,5) (Comprehensive Income) Roxanne Carter Corporation reported the following for 2020: net sales $1,200,000, cost of goods sold $750,000, selling and administrative expenses $320,000, and an unrealized holding gain on available-for-sale debt securities $18,000. Instructions Prepare a statement of comprehensive income, using (a) the one statement format, and (b) the two statement format. (Ignore income taxes and earnings per share.) E4.16 (LO 5) (Comprehensive Income) C. Reither Co. reports the following information for 2020: sales revenue $700,000, cost...

  • an unrealized holding gain on available-for-sale debt securities $18,000. Instructions ment format. (Ignore income taxes and...

    an unrealized holding gain on available-for-sale debt securities $18,000. Instructions ment format. (Ignore income taxes and earnings per share.) E4.16 (L05) (Comprehensive Income) C. Reither Co. reports the following information for 2020: sales revenue $700,000, cost of goods sold $500,000, operating expenses $80,000, and an unrealized hold ing loss on available-for-sale debt securities for 2020 of $60,000. It declared and paid a cash dividend of $10,000 in 2020. C. Reither Co. has January 1, 2020, balances in common stock $350,000;...

  • Current Attempt in Progress and At December 31, 2019, Splish Corporation had the following stock outstanding...

    Current Attempt in Progress and At December 31, 2019, Splish Corporation had the following stock outstanding Con- 10% cumulative preferred stock, $100 par, 107,532 shares $10,753,200 Common stock, $5 par. 4,053,980 shares 20,269,900 During 2020, Splish did not issue any additional common stock. The following also occurred during 2020. Income from continuing operations before taxes $24.726,300 Discontinued operations (loss before taxes) $3,413.600 Preferred dividends declared $1,075,320 Common dividends declared $2,228,300 Effective tax rate 35 % Compute earnings per share data...

  • At December 31, 2019, Oriole Corporation had the following stock outstanding. 10% cumulative preferred stock. $...

    At December 31, 2019, Oriole Corporation had the following stock outstanding. 10% cumulative preferred stock. $ 100 par, 109,261 shares $10,926,100 Common stock. $5 par, 4.099.840 shares 20,499,200 During 2020, Oriole did not issue any additional common stock. The following also occurred during 2020. Income from continuing operations before taxes $24.649,800 Discontinued operations (loss before taxes) $3,399,100 Preferred dividends declared $1,092,610 Common dividends declared $2,322,900 Effective tax rate 35% Compute earnings per share data as it should appear in the...

  • At December 31, 2019, Blue Corporation had the following stock outstanding. 10% cumulative preferred stock, $100...

    At December 31, 2019, Blue Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,054 shares $10,805,400 Common stock, $5 par, 4,058,240 shares 20,291,200 During 2020. Blue did not issue any additional common stock. The following also occurred during 2020. Income from continuing operations before taxes $22,544,700 Discontinued operations (loss before taxes) $3,341,700 Preferred dividends declared $1,080,540 Common dividends declared $2,036,500 Effective tax rate 35% Compute earnings per share data as it should appear in the 2020...

  • At December 31, 2019, Sunland Corporation had the following stock outstanding. 10% cumulative preferred stock, $100...

    At December 31, 2019, Sunland Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,700 shares Common stock, $5 par, 4,099,560 shares $10,770,000 20,497,800 During 2020, Sunland did not issue any additional common stock. The following also occurred during 2020. Income from continuing operations before taxes Discontinued operations (loss before taxes) Preferred dividends declared $23,036,400 $3,323,900 $1,077,000 $2,382,400 35 % Common dividends declared Effective tax rate Compute earnings per share data as it should appear in the...

  • At December 31, 2019. Vaughn Corporation had the following stock outstanding 10% cumulative preferred stock, $100...

    At December 31, 2019. Vaughn Corporation had the following stock outstanding 10% cumulative preferred stock, $100 par, 109,101 shares Common stock, $5 par, 4,021,360 shares $10,910,100 20,106,800 During 2020, Vaughn did not issue any additional common stock. The following also occurred during 2020. Income from continuing operations before taxes $23,507,100 Discontinued operations (loss before taxes) $3,330,000 Preferred dividends declared $1,091,010 Common dividends declared $2.082,400 Effective tax rate 35 % Compute earnings per share data as it should appear in the...

  • At December 31, 2020, Shulo Corporation had the following stock outstanding: 10% cumulative preferred stock, $100...

    At December 31, 2020, Shulo Corporation had the following stock outstanding: 10% cumulative preferred stock, $100 par, 202,000 shares $20,200,000 Common stock, $1 par, 4,000,000 shares 4,000,000 During 2020, Shulo did not issue any additional common stock. The following also occurred during 2020: Income from continuing operations before taxes $61,500,000 Discontinued operations (income before taxes) 6,500,000 Preferred dividends declared 2,020,000 Common dividends declared 1,800,000 Effective tax rate 17% Instructions: Compute earnings per share data as it should appear in the...

  • At December 31, 2019, Blossom Corporation had the following stock outstanding. 10% cumulative preferred stock, $100...

    At December 31, 2019, Blossom Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,918 shares $10,791,800 Common stock, $5 par, 4,099,360 shares 20,496,800 During 2020, Blossom did not issue any additional common stock. The following also occurred during 2020. $24,065,000 Income from continuing operations before taxes Discontinued operations (loss before taxes) $3,456,200 Preferred dividends declared $1,079,180 $2,317,300 Common dividends declared Effective tax rate 35% Compute earnings per share data as it should appear in the 2020...

  • please show work At December 31, 2019, Novak Corporation had the following stock outstanding. 10% cumulative...

    please show work At December 31, 2019, Novak Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,214 shares Common stock, $5 par, 4,029,700 shares $10,821,400 20,148,500 During 2020, Novak did not issue any additional common stock. The following also occurred during 2020. Income from continuing operations before taxes Discontinued operations (loss before taxes) Preferred dividends declared Common dividends declared Effective tax rate $22,695,800 $3,396,000 $1,082,140 $2,098,800 35 % Compute earnings per share data as it should...

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