Reference no: EM132574038

Questions -

Q1) During all of fiscal year 2017, Alpha Corporation had outstanding 100,000 shares of $10 par common stock and 5,000 shares of noncumulative, $100 par value, 6% preferred stock. For 2017, Alpha Corporation had $230,000 net income and dividends were paid only to preferred shareholders. Use this information to determine how much Alpha Corporation should report for 2017 basic earnings (loss) per share for income (loss) from continuing operations. If it is a loss EPS then present the value in brackets.

Q2) Alpha Corporation started the 2017 fiscal year with 100,000 shares common stock outstanding. On April 1 an additional 30,000 shares were issued. On July 1 Alpha reacquired 10,000 shares. Use this information to determine the number of weighted-average shares of common stock outstanding for the 2017 fiscal year?

Q3) On January 1, 2017, Alpha Corporation had 50,000 shares of $10 par value common stock outstanding. On July 1, 2017, Alpha issued 50,000 additional shares on July 1, 2017. There is no class of preferred stock. At December 31, 2017, total stockholders' equity was $4,250,000. Use this information to determine the book value per share as of end of the FY 2017: (Round your answer to the nearest penny.)