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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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
Transcribed Image Text:Understanding EPS Calculations
On its Form 10-K for the year ended December 31, 2015, Bank of America Corp. reported information related to basic earnings per share.
Fill in the missing information.
Rounding instruction:
Round answer a. to two decimal places.
Round answer b., C., & d. to the nearest million.
Round answer e. to three decimal places.
$ millions, except per share amounts
Net income
Preferred stock dividends
Net income applicable to common shareholders
Average common shares outstanding
Basic earnings per share
a. $
2015
$17,486
$1,483 b. $
$16,003 C. $
10,462.282
0
2014
$4,833 d. $
0
0
10,527.818 e.
$0.33
2013
0
$1,349
$10,165
$0.94
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- Define cardinality.arrow_forwardZina Manufacturing Company started and completed Job 501 in December with the following Job Cost Sheet and transferred it to the warehouse. Direct Materials Date Dec 17 Dec 30 Total Direct Labor Amount Date Amount $2,000 Dec 20 $4,000 8,000 Dec 30 3,800 Total Job Cost Sheet - Job No. 501 Total Cost The journal entry to record the transaction is A) WIP Inventory FG Inventory B) Cost of Goods Sold WIP Inventory C) FG Inventory WIP Inventory D) FG Inventory WIP Inventory Debit Credit 35,800 17,800 17,800 Manufacturing Overhead Date Amount Dec 24 $10,000 Dec 30 8,000 Total 35,800 35,800 17,800 17,800 35,800arrow_forward
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