Flyaway Travel Company reported net income for 2021 in the amount of $90,000. During 2021, Flyaway declared and paid $2,125 in cash dividends on its nonconvertible preferred stock. Flyaway also paid $10,000 cash dividends on its common stock. Flyaway had 40,000 common shares outstanding from

Q: FV Company earned net income of $75,000 during the year ended December 31, 2012. On December 15, FV…

A: Dividend:   A dividend is distribution of company’s earnings to its shareholders as determined by…

Q: On January 1, 2024, Martinez Enterprises Inc. had 61,000 common shares, recorded at $366,000. The…

A: Stockholder's Equity: Equity held by investors is the amount of assets that remain in a company…

Q: Ecker Company reports $1,950,000 of net income and declares $273,000 of cash dividends on its…

A: In order to determine the Earning per share, the Earnings available to common shareholders are…

Q: The board of directors of Ayayai Corp. declared a cash dividend of $1.50 per share on 40000 shares…

A: On the date of declaration of the dividend the company has to pass journal entry for creating…

Q: On January 1, 2021, a company had 444,000 shares of common stock outstanding. During the year, it…

A: Weighted average no of shares = Opening outstanding shares + shares issued * period used /12 -…

Q: Cloudy Company has 25,000 shares of $100 par value, 6% cumulative preferred stock and 150,000 shares…

A: Dividend distribution is a method of distributing profit among the company's shareholders. The…

Q: . Li Travel Company reported net income for 2021 in the amount of $900,000. During 2021, Li declared…

A: Earnings per share are the earnings available to each shareholder. The earnings per share are…

Q: Court Casuals has the following beginning balances in its stockholders' equity accounts on January…

A: Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders issued…

Q: On January 1, 2021, the stockholders' equity section of Seef Inc. was as follows: Common stock ($10…

A: SOLUTION A JOURNAL IS THE COMPANY'S OFFICIAL BOOK IN WHICH ALL BUSINESS TRANSACTIONS ARE RECORDED IN…

Q: During 2018, Longhorn Corp. had net income of $300,000 and paid dividends to its preferred…

A: The question is based on the concept of Shares and debentures.

Q: At December 31, 2020 and 2021, Funk & Noble Corporation had outstanding 1,000 million shares of…

A: Formula: Earnings per share = (Net Income - Preferred dividends) / No. of common shares outstanding…

Q: On January 1, 2021. Hum Enterprises Inc. had 80.000 common shares, recorded at $560,000. The company…

A: Share refers to the unit that is issued by the company into a market to raise funds by making an…

Q: Oriole Company had net income for 2021 of $603000. The average number of shares outstanding for the…

A: The corporation used to identify diluted EPS for evaluating the per share earnings if the…

Q: On January 1, 2022, Splish Brothers Inc. had $1,320,000 of common stock outstanding that was issued…

A: A stock dividend is a distribution of additional shares to existing shareholders by a company, often…

Q: Towson Corp., was organized on January 2, 2018. During the first year of operation, Towson issued…

A: No of shares issued = 60,000 shares Par value of shares issued = $2 Net Income = $250,000 Dividend =…

Q: Kelley Company reports $960,000 of net income and declares $120,000 of cash dividends on its…

A: Net Income is the total Income earned by the company out of their Investments. Earning Per Shares is…

Q: On January 1. 2021, Hum Enterprises Inc. had 74,000 common shares, recorded at $592,000. The company…

A: A dividend is the distribution of some of the corporate profits to a class of its shareholders.…

Q: Ecker Company reports $1,800,000 of net income and declares $252,000 of cash dividends on its…

A: Basic earnings per share = Net income available to common stockholders / Weighted average shares of…

Q: The San Diego Corporation reported profit of year ended December 31, 2018. At the beginning of the…

A: Solution: Weighted average number of ordinary shares = beginning shares + shares issued*6/12 -…

Q: On January 1, 2022, Swifty Corporation had $1,480,000 of common stock outstanding that was issued at…

A: Journal entries are the primary reporting of the business transactions in the books of accounts.…

Q: Computing earnings per share HEB Corporation had net income for 2018 of $60,450. HEB had 15,500…

A: Earnings per share: Earnings per share represent the amount of income earned per share of…

Q: On December 31, 2021, Cullumber Company had 1,290,000 shares of $6 par common stock issued and…

A: As on 31.12.2021 Common Stock 1290000 share of $6 per Share  $         77,40,000 1290000…

Q: Story Corporation had net income of $300,000 in 2018. The weighted average number of shares…

A: The price earning ratio is considered as the relationship between stock price and earnings per…

Q: Markus Company's common stock sold for $3.00 per share at the end of this year. The company paid a…

A: Ratio analysis helps to analyze the financial statements of the company. The management can take…

Q: Nams auto parts reports the following components of stockholders' equity at December 31, 2018.…

A: Journal entries are recorded in chronological order where every transactions will be recorded in the…

Q: What is 2013 basic earnings per share?

A: Basic EPS=(Net income - Preferred Dividend) / Weighted average common shares outstanding

Q: Clair, Inc reports net income of $700,000. It declares and pays dividends of $100,000 for the year,…

A: Given that, Net income = $700000 Preference dividend = $50000 Common stock dividend = $50000 The…

Q: Snow Cleaners, Inc., had net income of $493,600 for its year ended December 31, 2018. During the…

A: Earning Per Share is the amount of total earning of the firm in a financial year, available to…

Q: reebird Inc. had a net income of $394,200 for the year ended September 30, 2020. The company does…

A: Earning per share :— It is the value of earnings available to equity shareholders per number of…

Q: At the beginning of 2021, Hamilton Company had retained earnings of $320,000. During the year…

A: Retained earnings represent the accumulated funds available to the company out of which the dividend…

Q: Lonnie Shelton Corp (LSC) had Shareholder's Equity of $2200 at the end of 2019 and $2100 at the end…

A: Shareholders Equity refers to amount that is invested by shareholders/owners of company in form of…

Q: Income Statement Bullseye, Incorporated's 2021 income statement lists the following income and…

A: Earnings per share (EPS) is a measure of a company's profitability and is calculated by dividing net…

Q: Calculate earnings per share. Earnings per share = $Answer   b) Calculate the dividend yield.…

A: Earning per share :— It is the value of earnings available to equity shareholders per number of…

Q: Richman Company had 100,000 shares of common stock outstanding as of  January 1, 2020. The following…

A: Weighted average outstanding shares are calculated to calculate earning per share. Weighted average…

Q: On January 1, 2021, the stockholders' equity section of Seef Inc. was as follows: Common stock ($10…

A: Treasury stock is the company's shares that are purchased by the company from the market. These…

Q: Schaefer Co. reported net income of $191,150 for its fiscal year ended January 31, 2023. At the…

A: Number of common shares issued is the common stock.Treasury stock is the shares repurchased.Treasury…

Q: At December 31, 2024, Vaughn Corporation had the following stock outstanding. 10% cumulative…

A: Earnings per share is the amount of earnings given to the shareholders for holding one share. It is…

Q: On January 1, 2022, Blossom Corporation had $1,485,000 of common stock outstanding that was issued…

A: Journal entry is the primary step to record the transaction in the books of accounts.The stock…

Q: ipany rep0I end, the company had 350,000 weighted-average shares of common stock. 1. What amount of…

A: The stocks of the company can be of two types. The preference stock and the common stock. Preference…

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.