User Account

All Pages

The earnings per share

Assignment Help Accounting Basics
Reference no: EM13116382

On December 31, 20x7, Voss Corporation had 150,000 shares of common stock issued and outstanding. On October 1, 20x8, an additional 20,000 shares of common stock were issued for cash. During 20x8, Voss declared and paid dividends of $100,000 on its 10,000 shares of nonconvertible preferred stock. During 20x8, Voss declared and paid dividends of $80,000 on its common stock. Net income for 20x8 amounted to $500,000. The earnings per share (rounded to the nearest cent) for 20x8 are

 

 

Reference no: EM13116382

Questions Cloud

The cumulative effect of this accounting change : with no residual value. At the beginning of 2011, a decision was made to change to the straight-line method of depreciation for this machine. Assuming a 30% tax rate, the cumulative effect of this accounting change, net of tax, is
What amount of depreciation expense should be reported : What amount of depreciation expense should be reported in Worthington's income statement for the year ended December 31, 2011?
What happens to contribution margin per unit : Based on the formulas you have reviewed, what happens to contribution margin per unit when unit selling prices increase? Illustrate your explanation with an example from a fictitious company of how an increase in unit selling prices might affect cont..
Prepare a consolidation worksheet : Required: Assuming that these two companies retained their separate legal identities, prepare a consolidation worksheet as of December 31, 2009.
The earnings per share : During 20x8, Voss declared and paid dividends of $80,000 on its common stock. Net income for 20x8 amounted to $500,000. The earnings per share (rounded to the nearest cent) for 20x8 are
Prepare a correct trial balance : Prepare a correct trial balance. (If answer is zero, please enter 0, do not leave any fields blank.)
Prepare a differential analysis report : Prepare a differential analysis report, dated June 15 of the current year(2009), on whether the equipment should be leased or sold.
Compute the target cost of a cd player : Required:  Compute the target cost of a CD player. Loyola International, Inc. is considering adding a portable CD player to its product line. Management believes that in order to be competitive,
Accounting objective questions : accounting objective questions, Which of the following is a cash flow from operating activities? A cash inflow from financing activities includes?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Tax considerations

Dr. Mark Skousen, in his article, "Raising Cain: Why the 9-9-9- Tax Plan is a Dangerous Policy", states that Republican Herman Cain has gotten quite a bit of publicity about his new 9-9-9 tax plan.

  Southside city debt service fund

Assuming the City maintains it books and records in a manner that facilitates the preparation of the fund financial statements, prepare journal entries, in the Debt Service Fund, for the following transactions.

  Find disclosures in 2012 report

Examine the governmental fund financial statements. Are any major capital projects funds included? If so, list them. Attempt to find out the nature and purpose of the projects from the letter of transmittal, the notes, or MD&A. What are the major ..

  Determining linear and nonlinear models

A toy company has been marketing souvenir toys in conjunction with various professional sports teams in a number of cities. Over the past few years, this experience has provided some data on the effect of advertising on sales revenues because the ..

  Income disparity and concept of progressive taxation

Progressive income taxes (the more you earn, the more you pay) are designed in part to reallocate earnings. Does the approach seem fair? Explain your answer.

  Pemdas order of operations in mathematics

Discuss the PEMDAS order of operations in mathematics. What is PEMDAS and why is important to follow it to the letter when conducting mathematical operations?

  Accounting problems

Three years ago a piece of machine was purchased for $10,000. Assuming an eight-year life and straight-line depreciation, financial statements for the third year will show:

  Corporate income statement assessment

Prepare Nguyen Corporation's income statement for 2011, including earnings per share, assuming a weighted average of 100,000 shares of common stock outstanding for 2011.

  Constant growth dividend discount model

If a stock has a constant growth rate of 6% per year and paid a dividend of $5.00 yesterday, what is the value of the stock if the discount rate is 10%?

  What abc systems would be helpful to guide

Assuming that Seneca starts to supply new customers-large discounters and supermarkets outisde its local region-what ABC systems would be helpful to guide the profitability of the strategy and assist Seneca managers in making decisions?

  Capital structure and dividend policy of millman electronics

Millman Electronics will produce 60,000 stereos next year. Variable costs will equal 50% of sales, while fixed costs will total $120,000.

  Examine the concept of financial risk

Examine the concept of financial risk by answering the following questions: (a) How does the risk of a portfolio change as the number of assets in the portfolio increases?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd