After Corporation had net income for 2025 of $60,000. After Corporation had 19,000 shares of common stock outstanding at the beginning of the year and 21,000 shares of common stock outstanding as of December 31, 2025. Duringthe year, After Corporation declared and paid preferred dividends of $6,000. Compute After Corporation's earnings per share. (Round earnings per share to the nearest cent, X.XX.)I÷=Earnings per share

Step 1: given that, Net income = $60,000 Preferred dividends (dividend payments)= $6,000 Weighted…

Answered: After Corporation had net income for…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The stockholders' equity section of the January 1, 2031 balance sheet for XYZ Company is given below: Common stock, $14 par value ................. $525,000 Paid-in capital – common stock .............. $150,000 Treasury stock (14,000 shares @ $16 cost) ... $224,000 Paid-in capital – treasury stock ............ $ 13,000 Retained earnings ........................... $107,000 XYZ Company entered into the following transactions during 2031: a. Re-issued 2,000 of the treasury shares for $11 per share. b. Re-issued 3,000 of the treasury shares for $13 per share. c. Issued 5,000 shares of previously un-issued common stock for $21 per share. d. Re-issued 6,000 of the treasury shares for $19 per share. Calculate the balance in the retained earnings account after all four transactions above are recorded.
Pet Boutique Corp, reported $4,365.410 of profit for 2023. On November 2, 2023, it declared and paid the annual preferred dividends of $283,560 On January 1, 2023, Pet Boutique had 111,410 and 567,000 outstanding preferred and common shares, respectively. The following transactions changed the number of shares outstanding during the year: Feb. 1 Declared and issued a 20% common share dividend. Apr.30 Sold 111,060 common shares for cash. May 1 Sold 45,550 preferred shares for cash. Oct. 31 Sold 32,760 common shares for cash. a. What is the amount of profit available for distribution to the common shareholders? Earnings available to common shareholders $ 4,081,850 Check my wark b. What is the weighted-average number of common shares for the year?
The following information is available for Metloc Rock Corporation: Common Stock ($5 par) $1,620,000 Retained Earnings 1,205,000 An 17% stock dividend is declared and paid when the market value was $12 per share. Compute total stockholders' equity after the stock dividend. Total Stockholders' Equity
please answer this with must explanation , computation for each part and steps answer in text form
The following information (in millions of dollars) is available for Sarasota Sportswear for 2022: Sales revenue Stock price per share Average shares outstanding $6,300 Earnings per share $ $18.50 345.0 million Net income Preferred stock dividend $621.0 $0 Compute 2022 earnings per share for Sarasota Sportswear. (Round answer to 2 decimal places, e.g. 15.25.)
Murray Company reports net income of $992,000 for the year. It has no preferred stock, and its weighted-average common shares outstanding is 320,000 shares. Compute its basic earnings per share. Choose Numerator: Basic Earnings Per Share 1 1 1 Choose Denominator: = Basic EPS Basic EPS per share
Murray Company reports net income of $855,500 for the year. It has no preferred stock, and its weighted-average common shares outstanding is 290,000 shares. Compute its basic earnings per share. Choose Numerator: 1 Basic Earnings Per Share Choose Denominator: Basic EPS Basic EPS 0 per share
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State the stockholder’s equity of the Alphabet Corporation if it has a current net profit of $1,500,000, beginning-of-the-period retained earnings of $3,675,000, 1 million shares of common stock issued at a par value of $1 per share, and paid-in capital in excess of par of $12.50 per share?
A corporation purchases 9,515 shares of its own $10 par common stock for $18 per share, recording it at cost. What will be the effect on total stockholders' equity? a.decrease by $171,270 b.increase by $171,270 c.decrease by $76,120 d.increase by $76,120
Urmilaben
Sunland Limited reported the following items in shareholders' equity on December 31, 2024: Share capital: Preferred shares, $5 cumulative dividend, 145,000 shares issued and outstanding. $14,500,000 Share capital: Common shares, 711,000 issued and outstanding. $28,440,000 Retained earnings. $26,830,000

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