Knowledge Check 01 Raguel Corporation reported net income of $101,000 during the current calendar year. As of January 1, the company had 200,000 shares of common stock outstanding and 1,000 shares of 10% preferred stock with a par value of $10 per share. The preferred stock nonconvertible and cumulative. The board of directors did not declare the preferred dividend of $1,000 for the current year. What is the company's basic EPS? (Round your answer to 2 decimal places.) Basic EPS

Analyzing EPS through Financial Statement Presentation Sundry Inc. reported the following information in its consolidated statement of earnings for the fiscal year ended January 31. Required a. Estimate the average number of common shares outstanding for its fiscal year ended January 31. Note: Round your answer to the nearest whole share (in millions). ✓ million shares. b. Does the company have a simple or a complex capital structure? ✓ capital structure. c. If diluted weighted-average common shares were 1,547 million, recompute diluted EPS. d. Based on part c, what type(s) of dilutive securities would we assume the company reported in its financial statements? Stock plans Convertible securities

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 20Y2. Marshall Inc.Comparative Retained Earnings StatementFor the Years Ended December 31, 20Y2 and 20Y1   20Y2   20Y1 Retained earnings, January 1 $3,704,000    $3,264,000  Net income 600,000    550,000  Dividends:           On preferred stock (10,000)   (10,000)     On common stock (100,000)   (100,000) Retained earnings, December 31 $4,194,000    $3,704,000    Marshall Inc.Comparative Income StatementFor the Years Ended December 31, 20Y2 and 20Y1   20Y2   20Y1 Sales $10,850,000   $10,000,000 Cost of merchandise sold 6,000,000   5,450,000 Gross profit $4,850,000   $4,550,000 Selling expenses $2,170,000   $2,000,000 Administrative expenses 1,627,500   1,500,000 Total operating expenses $3,797,500   $3,500,000 Income from operations $1,052,500   $1,050,000 Other revenue and expense:           Other revenue…

Earnings Per Share Financial statement data for the years ended December 31 for Cottontop Corporation follow: 20Y3 20Y2 Net income Preferred dividends Average number of common shares outstanding 95,000 shares a. Determine the earnings per share for 20Y3 and 20Y2. Round your answers to two dectmal places. per share 20Y2 per share b. Does the change in the earnings per share from 20Y2 to 20Y3 indicate a favorable or unfavorable trend?

Fuerman Incorporated had the following common stock record during the current calendar year Outstanding, beginning of year Additional shares issued 6/30 2,850,000 230,000 Additional shares issued 9/30 230,000 A 12% stock dividend was paid on December 1. What is the number of shares to be used in computing basic EPS? Multiple Choice 3,320,800 3,022,500 3,449,600 3,385,200

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Current Attempt in Progress On January 1, 2022, Cullumber Corporation had $1,005,000 of common stock outstanding that was issued at par. It also had retained earnings of $741,000. The company issued 36,000 shares of common stock at par on July 1 and earned net income of $410,000 for the year. Journalize the declaration of a 14% stock dividend on December 10, 2022, for the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) 4 Par value is $10, and market price is $18. Par value is $5, and market price is $22. No. Account Titles and Explanation 4 Debit Credit

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Problem 1 Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2023 to 2025. At December 31, 2022, the corporation's accounts included (in thousands): Ordinary share capital, P1 par Share premium 105,000 630,000 Retained earnings 970,000 a. On November 1, 2023, the board of directors declared a cash dividend of PO 80 per share on its ordinary shares, payable to shareholders of record on November 15, to be paid on December 1. b. On March 1, 2024, the board of directors declared a property dividend consisting of corporate bonds of Warner Corporation that Branch-Ricki was holding as an investment. The bonds had a fair value of P1.6 million, but were purchased two years previously for P1.3 million. Because they were intended to be held to maturity, the bonds had not been previously written up. The property dividend was payable to shareholders of record on March 13, to be distributed on April 5. The fair value of the…