On January 1, 2020, Alpha Aviation issues 105,000 shares of stock. Shortly thereafter, Delta Tech purchases 44,100 of these shares.On December 31, 2020, Alpha reports net income of $375,000 and declares and pays a dividend of $85,000. What is Delta's share ofAlpha's net income and what is Delta's dividend received?O $157,500 share of net income; $35,700 dividendO $89,286 share of net income; $20,238 dividendO $150,000 share of net income; $34,000 dividendO $131,922 share of net income: $25,578 dividend

Dividend refers to the profit distribution to its shareholders and when the business earns the…

On January 1, 2020, Alpha Aviation issues 105,000 shares of stock. Shortly thereafter, Delta Tech purchases 44,100 of these: On December 31, 2020, Alpha reports net income of $375,000 and declares and pays a dividend of $85,000. What is Delta's s Alpha's net income and what is Delta's dividend received? O $157,500 share of net income; $35,700 dividend O $89,286 share of net income; $20,238 dividend O $150,000 share of net income; $34,000 dividend

On January 1, 2020, Alpha Aviation issues 105,000 shares of stock. Shortly thereafter, Delta Tech purchases 44,100 of these: On December 31, 2020, Alpha reports net income of $375,000 and declares and pays a dividend of $85,000. What is Delta's s Alpha's net income and what is Delta's dividend received? O $157,500 share of net income; $35,700 dividend O $89,286 share of net income; $20,238 dividend O $150,000 share of net income; $34,000 dividend

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter13: Investments And Long-term Receivables

Section: Chapter Questions

Problem 14RE

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Hyde Corporations capital structure at December 31, 2018, was as follows: On July 2, 2019, Hyde issued a 10% stock dividend on its common stock and paid a cash dividend of 2.00 per share on its preferred stock. Net income for the year ended December 31, 2019, was 780,000. What should be Hydes 2019 basic earnings per share? a. 7.80 b. 7.09 c. 7.68 d. 6.73
Contributed Capital Adams Companys records provide the following information on December 31, 2019: Additional information: 1. Common stock has a 5 par value, 50,000 shares are authorized, 15,000 shares have been issued and are outstanding. 2. Preferred stock has a 100 par value, 3,000 shares are authorized, 800 shares have been issued and are outstanding. Two hundred shares have been subscribed at 120 per share. The stock pays an 8% dividend, is cumulative, and is callable at 130 per share. 3. Bonds payable mature on January 1, 2023. They carry a 12% annual interest rate, payable semiannually. Required: Prepare the Contributed Capital section of the December 31, 2019, balance sheet for Adams. Include appropriate parenthetical notes.
Monona Company reported net income of 29,975 for 2019. During all of 2019, Monona had 1,000 shares of 10%, 100 par, nonconvertible preferred stock outstanding, on which the years dividends had been paid. At the beginning of 2019, the company had 7,000 shares of common stock outstanding. On April 2, 2019, the company issued another 2,000 shares of common stock so that 9,000 common shares were outstanding at the end of 2019. Common dividends of 17,000 had been paid during 2019. At the end of 2019, the market price per share of common stock was 17.50. Required: 1. Compute Mononas basic earnings per share for 2019. 2. Compute the price/earnings ratio for 2019.
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