Earnings per share problem

Assignment Help Accounting Basics
Reference no: EM13128594

For 2010 Kuhlman Corporation reported net income of $28,000; net sales $400,000; and average share outstanding 6,000. There were no preferred stock dividends. What was the 2010 earnings per share?

a. $4.67

b. $0.25

c. $66.67

d. $14.86

Reference no: EM13128594

Questions Cloud

What will be the equilibrium output for the industry : What will be the equilibrium price? What will be the equilibrium output for the industry? For each firm? What will profit or loss be per unit? Per firm? Will this industry expand or contract in the long run?
How can firms use transfer prices strategically : What role does GAAP play in how firms determine transfer prices?
Standard theorems on trigonometric limits : Using the definition of the derivative and any standard limiting theorems, show that the derivative of (sinx)^2 is sin(2x).
The fictional critique on art critique : read the fictional critique below. Then answer the subsequent questions. Art Critique
Earnings per share problem : For 2010 Kuhlman Corporation reported net income of $28,000; net sales $400,000; and average share outstanding 6,000. There were no preferred stock dividends. What was the 2010 earnings per share?
Partitions and riemann integral : Using standard partition Pn (0,1) where n greater or equal to 4 and deduce that f is intergrable on (0,1) and evaluate (intergral sign with 1 at top and 0 at bottom) of f
What is cost of afc per paper : What is cost of AFC per paper, what is MC per paper and what is minimum amount must charge to break even on costs?
What is the amount of yap co owner equity : The total assets of Yap Co. are $600,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Yap Co.'s owner's equity?
Find results in a mean talk time of at least minutes : What percent of the time will a fully charged battery last at least 330 minutes. What is the probability that a random sample of n = 15 batteries results in a mean talk time of at least 330 minutes?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Company accounts receivable balance

What is Farr Company's accounts receivable balance at December 31, 2010?

  The cumulative effect of this accounting change

with no residual value. At the beginning of 2011, a decision was made to change to the straight-line method of depreciation for this machine. Assuming a 30% tax rate, the cumulative effect of this accounting change, net of tax, is

  Equation method for computing eoq

For each of the following independent cases, use the equation method to compute the economic order quantity.

  Prepare the journal entry to record sale

Columbia Corp held 1,500 of Vianco common stock with a cpst of $74,387. These shares were classified as a long term available-for-sale investment. It sold the shares on December 31st for $55,275. Prepare the journal entry to record this sale.

  How do you calculate the llcs taxable income

Jay transferred his farm land to an LLC in exchange for a 50% interest in the capital, profits and losses. His basis in the land was $600,000 and its fair market value was $1,000,000.

  Comprehensive checklist for evaluating internal controls

Use the checklist to outline phases of the internal control evaluation. You may use the (1) components of internal control, or (2) relevant assertions as headers within your checklist.

  Corporation tax-warner corporation

The Warner Corporation has gross income of $560,000. It has business Expenses of $325,000, a capital loss of $20,000 and $2,500 of interest income on temporary investments. What is the corporation's taxable income?

  Required total production-cost of purchases

Compute the company's total required production in units of finished product for the entire three month period ending September 30. (Do not round intermediate calculations. Round your final answer to the nearest unit.)

  Treatment as an extraordinary item

Which of the following would be treated as an extraordinary item?

  Developing a tax file memorandum

Donovan Corporation, a calender year-end company, operates a profitable division in Jurisdiction A. In January 2010, Jurisdiction A enacted a tax law that changed the tax rate structure from 30% to 35%. Develop a tax file memorandum for a client ba..

  Predetermined overhead rate to the nearest cent

A company expected its annual overhead costs to be $900,000 and direct labor costs to be $1,000,000. Actual overhead was $870,000, and actual labor costs totaled $1,100,000. How much is the company's predetermined overhead rate to the nearest cent..

  What is your tax liability

While rummaging through your grandfather's attic, you came across a rare civil war document: An official letter by Lincoln to one of his generals. You engaged Sotheby's Auction House and sold the document for $100,000. What is your tax liability?

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