User Account

All Pages

Compute earnings per share and diluted earnings per share

Assignment Help Accounting Basics
Reference no: EM13944792

At December 31, 2008 Quiggin had 400,000 shares of common stock outstanding. The company also had 40,000 shares of $7 convertible preferred stock. Each share is convertible into 4 shares of common stock. (Dividends were declared and paid)

Transactions during 2009:

July 1, 2009               Sold 200,000 shares

July 8, 2009               Declared 100% stock dividend

September 1, 2009     Sold 120,000 shares

October 1, 2009          Purchased 60,000 shares to be held in treasury

                                 Quiggin reported a loss of $670,700 for 2009

How do I compute earnings per share and diluted earnings per share?

Reference no: EM13944792

Questions Cloud

Describe the institution auburn city council : 1. Describe the institution ‘Auburn city council'. 2. Assess this institution (auburn city council) against each of the six UK Commission Principles of Good Governance.
Discuss the merits of adopting busines strategy approach : Compare any other productivity based solutions you may have come across in your readings.
Write a journal on non verbal intercultural communication : You will do a short journal posting of about 500 words on non verbal intercultural communication. You will do a short journal posting of about 500 words on -Effective & Ethical Communication-.
Does he share descartes view of the the mind : Compare and contrast Descartes' view of the mind and Nagel's view of consciousness. Is Nagel a Cartesian? Does he share Descartes' view of the the mind? Why or why not?
Compute earnings per share and diluted earnings per share : At December 31, 2008 Quiggin had 400,000 shares of common stock outstanding, How do I compute earnings per share and diluted earnings per share
Commissions principles of good governance : Pick an institution and audit its governance processes according to the UK Commission's Principles of Good Governance. Your governance audit should:
Is critical thinking more important than creative thinking : Is critical thinking more important than creative thinking or is creative thinking more important than critical thinking? Take a stand on one side of this question and present a response that will support your stand. In your response, identify and..
Is victoria targeting of spa and wellness market justified : How would you go about assessing the destination managers' assertion that the Daylesford / Hepburn Springs region is the spa capital of Australia? Is Victoria's targeting of the spa and wellness market justified?
How many reads from harddrive will the original query take : How many reads from the hard drive would the rewritten query take?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the amount of operating cash flows the company

A company provides services on account during the current year totaling $400,000. By the end of the year, $350,000 of this amount had been received on account from customers for services provided in the prior years. Determine the amount of operati..

  Lcate an individual in your company who exemplifies these

business professionals who use statistics are not mere number crunchers who are good at math. as jon kettenring

  Intercultural business communications

Providing language and cultural training for employees is big business. If you were going to write a class on how language affects intercultural business communications, what would your lesson plan look like?

  Photography equipment in the business

Prepare general journal entries for the following transactions of a new business called Pose for Pics. Aug. 1 Hashim Paris, the owner, invested $7,500 cash and $32,500 of photography equipment in the business.

  Cape cod seafood company purchases lobsters and processes

cape cod seafood company purchases lobsters and processes them into tails and flakes. it sells the lobster tails for 21

  A project with a shorter payback period would always be

true or false1. the net present value of a project will be negative if the required rate of return is greater than the

  Prepare entry to record one years depreciation expense

The equipment is expected to last five years and be worth $2,000 at the end of that time. Prepare the entry to record one year's depreciation expense of $3,600 for the equipment as of December 31, 2013

  Describe how the business would benefit from information

Overall presentation of the report and structure of the report - quality of the report - describe capacity and capability of an implemented system of an existing business.

  If a company issued 500000 5 year 8 bonds and the market

if a company issued 500000 5 year 8 bonds and the market rate at time of sale was greater than 8 and sold at 93. the

  Another student in your accounting class says that as she

another student in your accounting class says that as she understands it most long-term liabilities on the balance

  The offices 5 canon machines are expected to last 6 more

the lansing community college registrars office is considering replacing some canon copiers with faster copiers

  What are the calculations for direct materials direct labor

what are the calculations for direct materials direct labor mfg overhead total mfg cost begninning work in process

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