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1.On December 31, 2012, Ainsworth, Inc., had 600 million shares of common stock outstanding. Twenty million shares of 8%, $100 par value cumulative, nonconvertible preferred stock were sold on January 2, 2013. On April 30, 2013, Ainsworth purchased 30 million shares of its common stock as treasury stock. Twelve million treasury shares were sold on August 31. Ainsworth issued a 5% common stock dividend on June 12, 2013. No cash dividends were declared in 2013. For the year ended December 31, 2013, Ainsworth reported a net loss of $140 million, including an after tax extraordinary loss of $400 million from a litigation settlement.Required:1. Determine Ainsworth's net loss per share for the year ended December 31, 2013.2. Determine the per share amount of income or loss from continuing operations for the year ended December 31, 2013.3. Prepare an EPS presentation that would be appropriate to appear on Ainsworth's 2013 and 2012 comparative income statements. Assume EPS was reported in 2012 as $.75, based on net income (no extraordinary items) of $450 million and a weighted average number of common shares of 600 million.
Determine the depreciation for each of the three years, using the straight-line method, the double declining-balance method, the sum-of-the-years'-digits method, and the units-of-production method.
At least three recommendations you can make, within the context of law and ethics, so each company can improve its financial health.
prist co. had not provided a warranty on its products but competitive pressures forced management to add this feature
net present value method lo4 hamilton control systems will invest 90000 in a temporary project that will generate the
Determine the direct materials price variance, assuming that all materials costs are the responsibility of the materials purchasing manager.
Of the amount paid, $30,000 was for expenses incurred on account in 2010. In addition, Leno incurred $142,000 of expenses in 2011 which will not be paid until 2012.
on january 1 2011 pride co. purchased 90 percent of the outstanding voting shares of star inc. for 540000 cash. the
on december 31 2997 the company has 7m of short term debt inthe form of notes payable to the bank due in 2008. on
some co. can further process product j to produce product d. product j is currently selling for 19.00 per pound and
a. three-fourths of the work related to 13000 cash recieved in advance is performed this period.b. wages of 8000 are
at the beginning of the period the assembly department budgeted direct labor of 166500 and property tax of 12000 for
National Credit and Cash purchased a general liability insurance policy for $2,400 for coverage for the calendar year. The entire $2,400 was charged to Insurance Expense on January 2, 2010. If the firm prepares monthly financial statements, the pr..
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