Determine the term or phrase that is being defined or described by the following statement: Net income minus preferred dividends divided by the weighted average of shares outstanding.
The Common Stock account for Baltimore Corporation on January 1, 2018, was $62,500. On July 1, 2018, Baltimore issued an additional 7,000 shares of common stock. The Common Stock is $5 par. There was neither Preferred Stock nor any Treasury Stock. Paid in Capital Excess to par Common Stock was $20,000 on January 1 and $40,000 on July 2 and net income were $101,000.
Use this information to determine for December 31, 2018, the amount of Earnings per Share.
At December 31, 2017, Crane Company had 1,120,000 shares of common stock outstanding. In addition, Crane had 455,000 shares of preferred stock which were convertible into 759,000 shares of common stock. During 2018, Crane paid $1,250,000 cash dividends on the common stock and $796,000 cash dividends on the preferred stock. Net income for 2018 was $6,800,000 and the income tax rate was 40%.
The diluted earnings per share for 2018 are:
a. $2.55.
b. $6.06.
c. $3.62.
d. $5.40.
Horned Frog Corporation is owned equally by Sandy, her husband Tom, her daughter Caitlin, and her grandmother, Martha. Each shareholder owns 200 shares in the company. Under the family attribution rules, how many shares of Horned Frog stock is Sandy deemed to own?
a. 200
b. 800
c. 600
d. 400
Order an Essay Now & Get These Homework Help Features For Free:
Turnitin Report
Formatting
Title Page
Citation
Outline
