Shares of stock outstanding

Assignment Help Accounting Basics
Reference no: EM13149801

Bettis Bus Company had earnings after taxes of $ 600,000 in the year 2009 with 300,000 shares of stock outstanding. On January 1, 2010, the firm issued 40,000 new shares, Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 25 percent.

Reference no: EM13149801

Questions Cloud

Condensed income statement : Prepare a condensed income statement for the ear on both bases for comparative purposes.
What is the molarity of a solution made by dissolving : What is the molarity of a solution made by dissolving 74.8 g of strontium perchlorate in sufficient water
What is the molarity of a solution made by dissolving : What is the molarity of a solution made by dissolving 74.8 g of strontium perchlorate in sufficient water
Types of companies : Write a 200- to 300-word explanation of the reasons the following types of companies would need a financial forecast: brand new company, family-owned company, and a long-standing corporation.
Shares of stock outstanding : Bettis Bus Company had earnings after taxes of $ 600,000 in the year 2009 with 300,000 shares of stock outstanding. On January 1, 2010, the firm issued 40,000 new shares, Because of the proceeds from these new shares and other operating improvemen..
What is the specific heat capacity of the material : The temperature of 55.6 g of a material decreases by 14.8C when it loses 3080 J of heat. What is its specific heat?
Explain what is the molar concentration of the salt solution : what is the molar concentration of the salt solution formed in this reaction? 3. what is the molar concentration of the excess reactant once this reaction has finished?
Explain students synthesized a new compound : In a laboratory experiment, students synthesized a new compound and found that when 14.10 grams of the compound were dissolved in 208.0 grams of ethanol, the solution began to boil at 78.9510C
What volume of co2 measured : C3H8(g)+5O2(g)->3CO2(g)+4H2O If 465 mL of oxygen at STP is used in the reaction, what volume of CO2 measured at 37 degrees C and 0.973 atm, is produced?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Consolidated balance sheet at the date of takeover

Bailey,Inc.,buys 60 percent of the outstanding stock of Luebs,Inc.,in an acquisition that resulted in the recognition of goodwill. Luebs owns a piece of land that cost $200,000 but was worth $500,00 at the acquisition date. What value should be at..

  Value added activities and cost pools with abc

What are some methods a business uses to determine if the activity is value added or not? How do you think business learn from customers (consumers) what is value added and what is not value added?

  Gross income before adjustments

Jeremiah and Megan had the following as income and expenses during the year: What is Jeremiah and Means gross income before adjustments?

  Actions would reduce its need to issue new common stock

Bankston Corporation forecasts that if all of its existing financial policies are followed, its proposed capital budget would be so large that it would have to issue new common stock.  Since new stock has a higher cost than retained earnings, Banksto..

  Discussing accounting report criteria

Make a brief response in which you outline some examples of accounting report criteria (regulatory environment, issues with foreign currency, differences in GAAP, etc.) employed by a U.S.

  Guidance for particular transaction

What should an accountant do if the guidance for a particular transaction or event is not specified within the FASB ASC?

  How much should keith bowie deposit today

Keith Bowie is trying to determine the amount to set aside so that he will have enough money on hand in 2 years to overhaul the engine on his vintage used car.

  What is dell strategy for success in the marketplace

what is Dell's strategy for success in the marketplace? Does the company rely primarily on a customer intimacy, operational excellence, or product leadership customer value.

  Statements about current liabilities

Which of the following statements about current liabilities is true?

  Compute the company residual income for the year

Midlands Design Ltd. of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of £400,000 on sales of £2,000,000.

  Employers payroll taxes on the payroll

Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the entry on December 30 to record the employer's payroll taxes on the payroll to be paid on December 31.

  Key factors which impact company decision

Examine the major factors which impact a company’s decision of whether to pay the dividend and determine what you believe is the most significant driver of the decision.

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