Concept earnings per share
Course:- Accounting Basics
Reference No.:- EM13146688

Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Accounting Basics

Santana Corporation has 400,000 shares of common stock outstanding throughout 2010. In addition, the corporation has 5,000, 20-year, 7% bonds issued at par in 2008. Each $1,000 bond is convertible into 20 shares of common stock after 9/23/11. During the year 2010, the corporation earned $600,000 after deducting all expenses. The tax rate was 30%.


Compute the proper earnings per share for 2010.

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Accounting Basics) Materials
Sue ask for you to prepare a well organized and formatted schedule showing what the variable manufacturing cost is as a percentage of total sales for each of the three produ
Timetech, Inc., has been experimenting with different approaches to improving the performance of its field sales force. In a test involving salespersons in Maine, the compan
The company requires a minimum pretax return of 12% on all investment projects. The net present value of the proposed project is closest to:
Determine the income participation of Hassell and Lawson, according to each of the five assumptions as to income division listed in Exercise 12-3 if the year's net income is $
Messersmith Company is constructing a building. Construction began in 2010 and the building was completed 12/31/10. Messersmith made payments to the construction company of
Ralite Company had net income for the year of $20 Million. It had 2 Million sharees of comon stock outstanding, with a year-end market price of $82 a share. Dividends during
ACC 203 - Do you have any problems if we do not account for the DTAs and DTLs and just account for the current tax liability and the directors are wondering why we should comp
Mitchell's usual billing rate is $700 per hour, and Fink's stock has a book value of $250 per share. By what amount will Fink's Paid-in capital - excess of par increase for