User Account

All Pages

Determine the basic earnings per share for crystal arts

Assignment Help Financial Accounting
Reference no: EM13510819

Crystal Arts, Inc., had earnings of $160,000 for 2010. The company had 20,000 shares of common stock outstanding during the year. In addition, the company issued 2,000 shares of $100 par value preferred stock on January 3, 2010. The preferred stock has a dividend of $7 per share. There were no transactions in either common or preferred stock during 2010.

Determine the basic earnings per share for Crystal Arts.

 

Reference no: EM13510819

Questions Cloud

Eliminate the unrealized profits : Son Corporation is an 80 percent-owned subsidiary of Pin Corporation. In 2011, Son sold land that cost $15,000 to Pin for $25,000.
Uniformity and disclosure policy-making directions : Discuss the role of management in relevant circumstances.
Calculate the maximum height reached by the rocket : A rocket, initially at rest on the ground, accelerates straight upward from rest with constant acceleration 49.0. Find the maximum height reached by the rocket
Estimate the speed of the rock : A rock is thrown vertically upward with a speed of 15.0m/s from the roof of a building that is 70.0m above the ground. What is the speed of the rock just before it strikes the ground
Determine the basic earnings per share for crystal arts : Crystal Arts, Inc., had earnings of $160,000 for 2010. The company had 20,000 shares of common stock outstanding during the year. In addition, the company issued 2,000 shares of $100 par value preferred stock on January 3, 2010.
How high will the faster stone go : Two stones are thrown vertically upward from the ground, one with three times the initial speed of the other. how high (in terms of H) will the faster stone go
How many meters does it travel before stopping : The driver of a 1740 car traveling on a horizontal road at 110 suddenly applies the brakes. How many meters does it travel before stopping under these conditions
What is the maximum speed it will reach : A ring of diameter 11.00 cm is fixed in place and carries a charge of +5.00 µC uniformly spread over its circumference. What is the maximum speed it will reach
Do the correct adjustments : Trial Balance figures Merchandise inventory 27,050(dr) Unearned sales revenue 4,000(cr) Sales 263,770(cr) Cost of goods sold 171,225(dr) Interest Expense

Reviews

Write a Review

Financial Accounting Questions & Answers

  Evaluate the three proposals for expansion

Santana Rey created Business Solutions on October 1, 2011. The company has been successful and Santana plans to expand her business. She believes that an additional $86,000 is needed and is investigating these funding sources.

  Technique of accounting for product

Particular technique of accounting for product and describe why you consider it to be better than the alternatives.

  Illustrate what is the total amount credited to the factory

If the predertimed overhead rate is base on machine hours, illustrate what is the total amount credited to the factory overhead account for the year for carlson?

  Journal entries for recording transactions of disposition

journal entries for recording transactions of disposition and purchase of asset.on april 1 2007 gloria estefan company

  Prepare an income statement for 2012

Prepare an income statement for 2012 consider that the production-volume variance is written off at year-end as an adjustment to cost of goods sold.

  Evaluate direct labour budget and budgeted income statement

Prepare an annual budget for Ballarat Furniture Company for 2013. Assume an income tax rate of 40 percent-Sales budget, Production budget

  Variable costing income statement - reconciliation

Reconcile any difference between the net operating income on your variable costing income statement and the net operating income on the absorption costing income statement above

  Calculate the gain or loss to giffin from restructuring

Prepare the journal entry on Ludwig 's books to record the restructuring of this debt. Calculate the gain or loss to Giffin Co. from restructuring of its receivable from Ludwig.

  What is the normal procedure for handling the collection

What is the normal procedure for handling the collection of accounts receivable previously written off using the direct write-off method? Using the allowance method?

  Journalize the transactions

Journalize the subsequent transactions in the books of Mr. Walter.

  Interaction of the balance sheet and income statement

How is this information useful from a managerial perspective and explain your reasoning and support your conclusions with the numbers you have pulled out for the comparison

  Process costing fifo costing methodcanned fruits and

process costing fifo costing methodcanned fruits and vegetables are the main products made by yummy foods inc. all

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