Poppy Corporation owns 60 percent of Seed Company's common shares. Balance sheet data for the companies on December 31, 20X2, are as follows: Assets Cash Accounts Receivable Inventory Buildings and Equipment Less: Accumulated Depreciation Investment in Seed Company Stock Total Assets Liabilities and Owners' Equity Accounts Payable Bonds Payable Common Stock ($10 par value) Retained Earnings Total Liabilities and Owners' Equity Poppy Corporation $ 94,000 83,000 117,000 690,000 (225,000) 135,000 $ 894,000 Seed Company $ 35,000 57,000 Required: Compute basic and diluted EPS for the consolidated entity for 20x2. 100,000 92,000 (77,000) $ 487,000 $ 119,000 250,000 300,000 225,000 $ 894,000 $ 487,000 $ 62,000 200,000 100,000 125,000 The bonds of Poppy Corporation and Seed Company pay annual interest of 8 percent and 10 percent, respectively. Poppy's bonds are not convertible. Seed's bonds can be converted into 10,000 shares of its company stock any time after January 1, 20X1. An income tax rate of 40 percent is applicable to both companies. Seed reports net income of $35,000 for 20X2 and pays dividends of $16,000. Poppy reports income from its separate operations of $51,000 and pays dividends of $27,000.

Pagle Corporation holds 80 percent of Standard Company's common shares. The companies report the following balance sheet data for December 31, 20X1: Assets Cash Accounts Receivable Inventory Buildings and Equipment Less: Accumulated Depreciation Investment in Standard Company Stock Total Assets Liabilities and Owners' Equity Accounts Payable Taxes Payable Preferred Stock ($10 par value) Common Stock: $10 par value $5 par value Retained Earnings Total Liabilities and Owners' Equity Pagle Corporation $ 53,000 85,000 126,000 700,000 (295,000) 160,000 $ 829,000 Basic earnings per share Diluted earnings per share $ 120,000 79,000 200,000 100,000 330,000 $ 829,000 Required: Compute basic and diluted EPS for the consolidated entity for 20X1. Note: Round your answers to 2 decimal places. Standard Company $ 43,000 65,000 76,000 330,000 (130,000) $ 384,000 $ 84,000 100,000 An 8 percent annual dividend is paid on the Pagle preferred stock and a 12 percent dividend is paid on the Standard…

H1.

Hansaben

The following information has been taken from the Accumulated profits ledger accounts of Indian Inc. a.  Total net income since incorporation P3,200,000 b.  Total cash dividends paid 150,000 c.  Carrying value of the company’s equipment declared as     property divided 600,000 d.  Proceeds from sale of donated stocks 150,500 e.  Total value of stock dividends distributed 250,000 f.   Gain on treasury share transaction 375,000 g.  Unamortized premium on bonds payable 413,200 h.  Appropriated for plant expansion 700,000 i.   Loss on treasury share reissue 515,000 j.   Share premium in excess of par from issued shares 215,000 k.  Share issuance expense 45,000 l.   Appropriated for remaining treasury shares at cost P50/share 1,000,000 Additional notes: The equipment declared as dividends had a recoverable value of P450,000 as of the date of declaration. The stock dividends distributed was based on a 10% share…

Please write to text format answer

Luther Corporation Consolidated Income Statement Year ended December 31 (in $ millions) Total sales Cost of sales Gross profit Selling, general, and administrative expenses Research and development Depreciation and amortization Operating income Other income Earnings before interest and taxes (EBIT) Interest income (expense) Pretax income Taxes Net income Price per share Shares outstanding (millions) Stock options outstanding (millions) Stockholders' Equity Total Liabilities and Stockholders' Equity 2012 610.1 (500.2) 109.9 (40.5) (24.6) (3.6) 41.2 --- $16 10.2 126.6 2011 578.3 (481.9) 96.4 41.2 31.3 (25.1) (15.8) # 16.1 (5.5) 15.5 (5.3) 10.2 10.6 533.1 (39.0) (22.8) (3.3) 31.3 $15 8.0 0.2 502 63.6 386.7 Calculate Luther's price - earnings ratio (P/E) for the year ending December 31, 2012

The December 31, 20X8, balance sheets for Pint Corporation and its 70 percent-owned subsidiary Saloon Company contained the following summarized amounts: PINT CORPORATION AND SALOON COMPANY Balance Sheets December 31, 20x8 Pint Corporation Saloon Company Assets Cash and Receivables Inventory Buildings and Equipment (net) Investment in Saloon Company Total Assets Liabilities and Equity Accounts Payable Common Stock Retained Earnings Total Liabilities and Equity $ 118,000 162,000 315,000 224,900 $ 819,900 $ 115,900 185,000 $19,000 $ 819,900 $ 60,000 103,000 281,000 $ 444,000 $ 65,000 131,000 248,000 $ 444,003 Pint acquired the shares of Saloon Company on January 1, 20X8. On December 31, 20XB, assume Pint sold inventory to Saloon during 20X8 for $107,000 and Saloon sold inventory to Pint for $312,000. Pint's balance sheet contains inventory items purchased from Saloon for $97,000. The items cost Saloon $57,000 to produce. In addition, Saloon's inventory contains goods it purchased from…