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

Spring Inc. reports the following information: Net income:  $750,000 Dividends on common shares:  $210,000 Dividends on preferred shares:  $90,000 Average number of common shares outstanding:  250,000 Spring Inc. should report earnings per share of:   Question 7 options:   $2.16   $1.80   $3.00   $2.64       In 2020, Big Mountain Inc. reported net income of $75,000, and declared and paid a dividend of $14,000.  The balance in the retained earnings account on December 31, 2020, was $86,000.  What was the opening balance in retained earnings on January 1, 2020?   Question 8 options:   $25,000   $147,000   $61,000   $86,000

Careful Carol's Creamy Crumpets had 200,000 shares of common stock outstanding at 12/21/2020. On April 1, 2020, the company issued an additional 50,000 shares. On July 31, 2020, the company repurchased 10,000 shares as treasury stock. On November 30, 2020, the company declared 5% stock dividend. The company reported net income for 2020 of $257,000. a. Compute basic earnings per share (EPS) The following additional information is available: Stock Options: The company had 30,000 stock options outstanding that were exercised throughout the period at a strike/exercise price of $13 per share. The average market price of the company's stock during 2020 was $10 per share. Convertible bonds: The company has $350,000 of 6% convertible bonds outstanding which was outstanding throughout the year. The bonds are convertible into 20,000 shares of the company's stock. The company's tax rate is 25%. b. Compute diluted earnings per share Show all work fully lablel

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