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BE 19-12 EPS; shares issued; shares retired • LO19-5, LO19-6 McDonnell-Myer Corporation reported net income of...
Problem 19-12 EPS; nonconvertible preferred stock; treasury shares; shares sold; stock dividend; options (LO19-4, 19-5, 19-6,...
Problem 19-12 EPS; nonconvertible preferred stock; treasury shares; shares sold; stock dividend; options (LO19-4, 19-5, 19-6, 19-7, 19-8, 19-10] On December 31, 2017, Dow Steel Corporation had 600,000 shares of common stock and 300,000 shares of 8%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $400,000 and $75,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 60,000 common...
Exercise 19-12 EPS; shares Issued; stock dividend [LO19-5, 19-6] For the year ended December 31, 2018,...
Exercise 19-12 EPS; shares Issued; stock dividend [LO19-5, 19-6] For the year ended December 31, 2018, Norstar Industries reported net Income of $930,000. At January 1, 2018, the company had 820.000 common shares outstanding. The following changes in the number of shares occurred during 2018: Apr 30 Sold Se.eee shares in a public offering. May 24 Declared and distributed a 5% stock dividend. June 1 Issued 48,880 shares as part of the consideration for the purchase of assets from a...
Exercise 19-20 EPS; shares issued; stock options [LO19-6, 19-7, 19-8, 19-9) Stanley Department Stores reported net inco...
Exercise 19-20 EPS; shares issued; stock options [LO19-6, 19-7, 19-8, 19-9) Stanley Department Stores reported net income of $765,000 for the year ended December 31, 2018. Additional Information: 85,000 24,000 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 $22.50) During the year, the market price of Stanley's common stock averaged $27.0 per share. On Aug. 30 Stanley sold 15,000...
Exercise 19-13 EPS: treasury stock; new shares; stock dividends; two years [LO19-5, 19-6] The Alford Group...
Exercise 19-13 EPS: treasury stock; new shares; stock dividends; two years [LO19-5, 19-6] The Alford Group had 270,000 shares of common stock outstanding at January 1, 2018. The following activities affected common shares during the year. There are no potential common shares outstanding 2018 Feb. 28 Purchased 9,600 shares of treasury stock. Oct. 31 Sold the treasury shares purchased on February 28. Nov. 30 Issued 36,080 new shares. Dec. 31 Net income for 2018 is $1,335,000. on February 28, 2019...
Exercise 19-20 EPS; shares issued; stock options [LO19-6, 19-7, 19-8, 19-9] Stanley Department Stores reported net...
Exercise 19-20 EPS; shares issued; stock options [LO19-6, 19-7, 19-8, 19-9] Stanley Department Stores reported net income of $746,000 for the year ended December 31, 2018. Additional Information: Common shares outstanding at Jan. 1, 2018 70,000 Incentive stock options (vested in 2017) outstanding throughout 2018 12,000 (Each option is exercisable for one common share at an exercise price of $21.50) During the year, the market price of Stanley’s common stock averaged $25.8 per share. On Aug. 30 Stanley sold 15,000...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6,...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6, 19-7, 19-8] On December 31, 2017, Berclair Inc, had 400 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 104 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on...
Exercise 19-13 (Algo) EPS; treasury stock; new shares; stock dividends; two years [LO19-5, 19-6] The Alford...
Exercise 19-13 (Algo) EPS; treasury stock; new shares; stock dividends; two years [LO19-5, 19-6] The Alford Group had 330,000 shares of common stock outstanding at January 1, 2021. The following activities affected common shares during the year. There are no potential common shares outstanding. 2021 Feb. 28 Purchased 27,000 shares of treasury stock. Oct. 31 Sold the treasury shares purchased on February 28. Nov. 30 Issued 108,000 new shares. Dec. 31 Net income for 2021 is $642,000. 2022 Jan. 15...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6,...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6, 19-7, 19-8] On December 31, 2017, Berclair Inc. had 400 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 104 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on...
Problem 19-18 EPS; stock options; nonconvertible preferred; convertible bonds; shares sold [LO19-4, 19- 5, 19-6, 19-7,...
Problem 19-18 EPS; stock options; nonconvertible preferred; convertible bonds; shares sold [LO19-4, 19- 5, 19-6, 19-7, 19-8, 19-9] At January 1, 2018, Canaday Corporation had outstanding the following securities: 600 million common shares 20 million 6% cumulative preferred shares, $50 par 8% convertible bonds, $2,000 million face amount, convertible into 80 million common shares The following additional information is available: • On September 1, 2018, Canaday sold 72 million additional shares of common stock. • Incentive stock options to purchase...
Exercise 19-15 EPS; net loss; nonconvertible preferred stock; shares sold [LO19-5, 19-6, 19-7] At December 31, 2017...
Exercise 19-15 EPS; net loss; nonconvertible preferred stock; shares sold [LO19-5, 19-6, 19-7] At December 31, 2017, Albrecht Corporation had outstanding 373,000 shares of common stock and 8,000 shares of 9.5%, $100 par value cumulative, nonconvertible preferred stock On May 31, 2018, Albrecht sold for cash 12,000 shares of its common stock. No cash dividends were declared for 2018. For the year ended December 31, 2018. Albrecht reported a net loss of $1,862,000. Required: Calculate Albrecht's net loss per share...
Problem 19-12 EPS; nonconvertible preferred stock; treasury shares; shares sold; stock dividend; options (LO19-4, 19-5, 19-6, 19-7, 19-8, 19-10] On December 31, 2017, Dow Steel Corporation had 600,000 shares of common stock and 300,000 shares of 8%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $400,000 and $75,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 60,000 common...
Exercise 19-12 EPS; shares Issued; stock dividend [LO19-5, 19-6] For the year ended December 31, 2018, Norstar Industries reported net Income of $930,000. At January 1, 2018, the company had 820.000 common shares outstanding. The following changes in the number of shares occurred during 2018: Apr 30 Sold Se.eee shares in a public offering. May 24 Declared and distributed a 5% stock dividend. June 1 Issued 48,880 shares as part of the consideration for the purchase of assets from a...
Exercise 19-20 EPS; shares issued; stock options [LO19-6, 19-7, 19-8, 19-9) Stanley Department Stores reported net income of $765,000 for the year ended December 31, 2018. Additional Information: 85,000 24,000 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 $22.50) During the year, the market price of Stanley's common stock averaged $27.0 per share. On Aug. 30 Stanley sold 15,000...
Exercise 19-13 EPS: treasury stock; new shares; stock dividends; two years [LO19-5, 19-6] The Alford Group had 270,000 shares of common stock outstanding at January 1, 2018. The following activities affected common shares during the year. There are no potential common shares outstanding 2018 Feb. 28 Purchased 9,600 shares of treasury stock. Oct. 31 Sold the treasury shares purchased on February 28. Nov. 30 Issued 36,080 new shares. Dec. 31 Net income for 2018 is $1,335,000. on February 28, 2019...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6, 19-7, 19-8] On December 31, 2017, Berclair Inc, had 400 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 104 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on...
Exercise 19-13 (Algo) EPS; treasury stock; new shares; stock dividends; two years [LO19-5, 19-6] The Alford Group had 330,000 shares of common stock outstanding at January 1, 2021. The following activities affected common shares during the year. There are no potential common shares outstanding. 2021 Feb. 28 Purchased 27,000 shares of treasury stock. Oct. 31 Sold the treasury shares purchased on February 28. Nov. 30 Issued 108,000 new shares. Dec. 31 Net income for 2021 is $642,000. 2022 Jan. 15...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6, 19-7, 19-8] On December 31, 2017, Berclair Inc. had 400 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 104 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on...
Problem 19-18 EPS; stock options; nonconvertible preferred; convertible bonds; shares sold [LO19-4, 19- 5, 19-6, 19-7, 19-8, 19-9] At January 1, 2018, Canaday Corporation had outstanding the following securities: 600 million common shares 20 million 6% cumulative preferred shares, $50 par 8% convertible bonds, $2,000 million face amount, convertible into 80 million common shares The following additional information is available: • On September 1, 2018, Canaday sold 72 million additional shares of common stock. • Incentive stock options to purchase...
Exercise 19-15 EPS; net loss; nonconvertible preferred stock; shares sold [LO19-5, 19-6, 19-7] At December 31, 2017, Albrecht Corporation had outstanding 373,000 shares of common stock and 8,000 shares of 9.5%, $100 par value cumulative, nonconvertible preferred stock On May 31, 2018, Albrecht sold for cash 12,000 shares of its common stock. No cash dividends were declared for 2018. For the year ended December 31, 2018. Albrecht reported a net loss of $1,862,000. Required: Calculate Albrecht's net loss per share...
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