Required compute berclairs earnings per share for the year

Assignment Help Accounting Basics
Reference no: EM13482420

On December 31, 2008, Berclair, Inc. had 200 million shares of common stock and 3 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March1, 2009, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2009. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2009, was $150million.

Required: Compute Berclair's earnings per share for the year ended December 31, 2009.

Reference no: EM13482420

Questions Cloud

Smile alot dental sad provides three basic service : smile alot dental sad provides three basic service appointments cleaning check-up and full service.total annual costs
Walker brothers company is considering installing a jit : walker brothers company is considering installing a jit manufacturing system in the hope that it will improve its
How much of the above is a qualified higher education : jose paid the following amounts for his son to attend big stateuniversity in 2008tuition 6000room and board 5000books
Procter amp gamble is a multinational corporation that : procter amp gamble is a multinational corporation that manufactures and markets many products that you use every day.
Required compute berclairs earnings per share for the year : on december 31 2008 berclair inc. had 200 million shares of common stock and 3 million shares of 9 100 par value
Compute blues materials price variance compute the : the cost accountant for blue pharmaceuticals has informed you that the companys materials quantity variance for the
How much before-tax income must the firm earn to make an : power grid engineering associates inc. provides consulting services to commercial electric utilities. the consulting
Classify each of the preceding costs as product costs or : the following is a list of costs incurred by several business organizationsa telephone cable for a telephone
Digdug corporation had outstanding checks totaling 5400 on : digdug corporation had outstanding checks totaling 5400 on its june bank reconciliation. in july digdug issued checks

Reviews

Write a Review

Accounting Basics Questions & Answers

  Characteristic of management accounting

The reason of the marketing idea is to rivet the attention of marketing managers on serving broad classes of requires supplier employee partner customer.

  Tax savings from special tax treatment

Daniel figures that he has loss of $60,000 on each stock. If Daniel's marginal tax rate is 35 percent and he has $120,000 of other capital gains (taxed at 15 percent), what is tax savings from the special tax treatment?

  Computing bond intrest expense over bond life

Sears issuses 4.5% five-year bonds dated january 1, 2010, with $230,000 par value. The bonds pay intrest on june and december 31 and are issued at a price of $235,160. The annual market rate is 4% on the issued date. Calculate the total bond intre..

  In current years sonya transportation purchased three used

in recent years sonya transportation purchased three used buses. because of frequent turnover in the accounting

  Organization information system

If you had to select one of these categories of systems goals as the most important to the effective operation of an organization's information system, which one would you choose? Explain the reasons for your choice.

  Journal entries to record sale and purchase

Prepare the journal entries to record the sale, purchase, and adjusting entries related to the trading securities in the last quarter of 2010. How would the entries in part (a) change if the securities were classified as available-for-sale?

  Depreciation using the straight-line method

A piece of equipment purchased on January 1, 2011, for $16,000 was estimated to have a residual value of $4,000 at the end of its three-year useful life. If the equipment was depreciated using the straight-line method and disposed of on December 3..

  Amount of inventory in consolidation workpaper

Graceland writes the inventory down from $95,000 to its lower market value of $82,000 at the end of the year. Elvis owns 75 % of Graceland. Based on this information, what amount of inventory should be eliminated in the consolidation workpaper for..

  Making the financial statements

The company closes its accounts and prepares financial statements at the end of each month.

  The newly formed butzier company manufactures finger

the newly formed butzier company manufactures finger toothbrushes for canines. the manufacturing process requires

  What elements must be included in the internal control

what elements should be included in an internal control structure?what is business risk inherent risk audit risk and

  The machine setup activity cost pool

The president has heard of activity-based costing and wants to see how the results would differ if this system were used. Two activity cost pools were developed: machining and machine setup. Presented below is information related to the company..

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