Basic earning per share computation

Assignment Help Accounting Basics
Reference no: EM13145835

On December 31, 2008, Albacore Company had 300,000 sahres of common stock issued and outstanding. Albacore issued a 10% stock dividend on June 30, 2009. On September 30, 2009, 12,000 shares of common stock were reacqured as treasure stock. What is the appropriate number of shares to be used in the basic earning per share computation for 2009?

Reference no: EM13145835

Questions Cloud

What is the new equilibrium price level : What is the new equilibrium price level and level or real output? I need answers with charts
Calculate the moles of argon present : A 355 ml container holds .146g of Ne and an unknown amount of Ar at 35 degrees C and a total pressure of 26 mmHg. Calculate the moles of Ar present
What math scores would be considered outliers for university : A university reports that the middle 50% of the SAT I math scores of its students were between 565 and 690, with half the scores above 605 and half below. What SAT I math scores would be considered outliers for that university?
Sun & surf holidays : "Sun & Surf Holidays" replied to Ben's email Tuesday morning. They apologised for the confusion and said that they wanted to keep their customers happy so Ben could have the accommodation package for $1500, but that the deal was for a limited time..
Basic earning per share computation : Albacore issued a 10% stock dividend on June 30, 2009. On September 30, 2009, 12,000 shares of common stock were reacqured as treasure stock. What is the appropriate number of shares to be used in the basic earning per share computation for 2009?
Compare and contrast the metabolic changes in each tissue : Compare and contrast the metabolic changes in each tissue under the absorptive state and fasting state (liver, adipose, skeletal muscle).
What is the molar mass of the gas : A sample of gas with a mass of 1.80 g occupies a volume of 921 mL at a pressure of 733 torr and a temperature of 24 C. What is the molar mass of the gas?
Accounting treatment of the depletion and depreciation : Discuss the accounting treatment of the depletion and depreciation on the mine and mining equipment.
Find bounds on the p-value on f-statistic : Each factor level has been replicated three times. The computer value of the F-statistic is F0=3.26. Find bounds on the P-value.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What was the total financing cost

On June 1 capian company borrows $90,000 from first bank on a 6 month $90,000, 12% note. Prepare the entry for june 1; prepare the adjusting entry for june 30; prepare the entry at maturity (december1), assuming monthly adjustment entries have bee..

  Conservative and minimax regret approaches

The following payoff table shows the profit for a decision problem with three states of nature and two Decision Alternatives (DA):

  What is the amount of laurie deductible investment

Laurie has a brokerage account at Dean Schwab, Inc. She makes investments on margin through this account. During the current year, she incurs $10,000 in margin interest in the account. Income generated through the brokerage account was.

  Investment in prescott-consolidated balance sheet

No investment income was included within either of these income totals. How would the 10% investment in Prescott owned by Bell be presented in the consolidated balance sheet?

  Right of business type activities

In government wide financial statements information about fiduciary funds should be presented in a discrete column to the right of the business type activities

  Net periodic pension cost reported in the income statement

The net periodic pension cost reported in the income statement for 2011 would be

  How transaction affect the accounting equation

Gomez Service Company paid their first installment on their Notes Payable in the amount of $2,000. How will this transaction affect the accounting equation?)

  Statements concerning consolidated financial statements

Which of the following statements concerning consolidated financial statements is true?

  Determine the amount of cash collected from receivables

During the accounting period, Springfield recorded $32,000 of service revenue on account. The company also wrote off a $300 account receivable.

  What was the cost of raw materials

Compute the ending balance in the Work in Process inventory account. Assume that this balance consists entirely of goods started during the year. If $32,200 of this balance is direct materials cost, how much of it is direct labor cost? Manufacturi..

  Recognizd gain or loss

On April 18, 2010, Jane Junipner purchased 30 shares of Bryan Corp. stock for $210, and on September 29, 2010 she purchased an additional 90 shares for $900. On November 28, 2010, she sold 48 shares which could not be specifically identified, for ..

  Funzy report as the promotional expense

During the last month of 2011, the first month of the offer, Funzy sold 12 million boxes of wheatos and 2.4 million of the coupons were redeemed. What amount should Funzy report as a promotional expense for coupons on its December 31, 2011, income..

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!

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