Computing Weighted-Average Common Shares Knight Company, a calendar-year firm with 100,000 shares of common stock outstanding at the start of the year, declares a three-for-one stock split halfway through the year. The next day, Knight issues 200,000 new shares in conjunction with the acquisition of a new plant. What is the number of shares that should be used in computing basic earnings per share for the year? Inclusive Dates January - June July-December Actual Weighted Avg. Shares Outstanding or Stock Split Outstanding Outstanding Outstanding 100,000 ✓ 0 x 300,000 x 0 ✓ Retroactive Restatement for Stock Dividend Shares Equivalent Shares 0x 0 x The number of shares for the basic EPS calculation is 0 Months x 0 x 0 x 0 x 0 x 0 x

Financial Statement Presentation of EPS To illustrate EPS reporting for various combinations of gains and losses, assume that 1,000 weighted- average shares of common stock were outstanding for each of the four cases below. Also assume preferred stock dividends of $2,500 were declared and paid during the year in each case. Case A Case B Case C Case D Income (loss) continuing operations $ Income (loss) from discontinued operations 0 $ 0 0 $ 0 $ 0 0 0 0 Required Show the EPS financial statement presentation for basic EPS for each Case A through D. Basic EPS Case A Case B Case C Case D Income (loss) from continuing operations $ 0 $ 0 $ 0 $ 0 Income (loss) from discontinued operations, net of tax 0 0 0 0 Net income (loss) $ 0 $ 0 $ 0 $ 0 Check

Earnings Per Share Financial statement data for the years ended December 31 for Brown Cow Inc. follow: 20Y6 20Y5 Net income $4,243,200 $2,855,360 Preferred dividends $64,000 $64,000 Average number of common shares outstanding 128,000 shares 104,000 shares a. Determine the earnings per share for 20Y6 and 20Y5. Round your answers to two decimal places. 20Y6 per share 20Y5 per share b. Does the change in the earnings per share from 20Y5 to 20Y6 indicate a favorable or unfavorable trend? %24 %24

Using the information for The Great Cookie Company presented in the table below, determine the following:   Highest price paid for a share of stock in the last 12 months. The last price paid for a share of stock on this trading day. Lowest price paid for a share of the stock in the last 12 months. Additional Resources   Year-to-Date % Change 14.62% EPS $1.13 52-Week Hi $40.20 PE Ratio 31.07 52-Week Lo $28.44 Volume 2,810,000 Dividend $0.88 Close Price $35.11 Yield Percentage 2.51% Net Change 1.07 1. Highest price paid: $   2. Last price paid: $   3. Lowest price paid: $

Statement of stockholders’ equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $120,000; Additional Paid-In Capital, $3,300,000; and Retained Earnings, $12,300,000. During June, Noric issued for cash 30,000 shares of common stock (with a stated value of $1) at $18 per share. Noric reported the following results for the month ended October 31: Net income $2,250,000 Cash dividends declared 475,000 Prepare a statement of stockholders’ equity for the month ended October 31. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank. Noric Cruises Inc.Statement of Stockholders' EquityFor the Month Ended October 31   CommonStock AdditionalPaid-InCapital RetainedEarnings Total   $Balances, October 1 $Balances, October 1 $Balances, October 1 Balances, October 1   Issued Common Stock Issued…

Identifying and Analyzing Financial Statement Effects of Stock TransactionsMelo Company reports the following transactions relating to its stock accounts in the current year. Use the financial statement effects template to indicate the effects from each of these transactions.(a) Mar. 2 Issued 7,000 shares of $1 par value common stock at $30 cash per share.(b) Apr. 14 Issued 10,500 shares of $100 par value, 8% preferred stock at $250 cash per share.(c) June. 30 Purchased 2,100 shares of its own common stock at $22 cash per share.(d) Sep. 25 Sold 1,050 shares of its treasury stock at $26 cash per share.Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction.Note: Indicate a decrease in an account category by including a negative sign with the amount.

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You are considering an investment in Roxie's Bed & Breakfast Corporation During the last year, the firm's income statement listed an addition to retained earnings of $16.20 million and common stock dividends of $1.30 million. Roxie's year-end balance sheet shows common stockholders' equity of $55.9 million with 19 million shares of common stock outstanding. The common stock's market price per share was $8.10.

) Calculate the weighted average number of shares for the following Shares outstanding 100,000 Date Shares changes Beginning balance 20,000 shares issued 50% stock dividend 50,000 shares issued 1Jan-07 120,000 180,000 230,000 230,000 1-Apr-07 1.Jun-07 1-0ct-07 31-Dec-07 Year end balance