At December 31, 2017, Albrecht Corporation had outstanding
313,000 shares of common stock and 12,000 shares...
At December 31, 2017, Albrecht Corporation had outstanding
313,000 shares of common stock and 12,000 shares of 9.5%, $100 par
value cumulative, nonconvertible preferred stock. On May 31, 2018,
Albrecht sold for cash 12,000 shares of its common stock. No cash
dividends were declared for 2018. For the year ended December 31,
2018, Albrecht reported a net loss of $1,006,000.
Required:
Calculate Albrecht's net loss per share for the year ended
December 31, 2018. (Enter your answers in thousands.
Negative...
At December 31, 2020, Marigold Corporation had the following
shares outstanding:
9% cumulative preferred shares, 103,900...
At December 31, 2020, Marigold Corporation had the following
shares outstanding:
9% cumulative preferred shares, 103,900 shares outstanding
$10,390,000
Common shares, 4,200,000 shares outstanding
21,000,000
During 2020, the corporation’s only share transaction was the
issuance of 390,000 common shares on April 1. During 2020, the
following also occurred:
Income from continuing operations before tax
$22,620,000
Discontinued operations (loss before tax)
3,163,000
Preferred dividends declared
935,100
Common dividends declared
2,110,000
Effective tax rate
38%
Calculate earnings per share information as it...
Plane Corporation has 1,200 shares of stock outstanding. Clark
owns 300 shares, Clark's father owns 200...
Plane Corporation has 1,200 shares of stock outstanding. Clark
owns 300 shares, Clark's father owns 200 shares, Clark's daughter
owns 100 shares, and Clark's aunt owns 200 shares. Balloon
Corporation owns the other 400 shares in Plane Corporation. Clark
owns 25% of the stock in Balloon Corporation. Applying the § 318
stock attribution rules, how many shares does Clark own in Plane
Corporation?______
Hawk Corporation (E & P of $700,000) has 3,000 shares of
common stock outstanding. Federico owns 1,500...
At December 31, 2020, Yosra Corporation had the following shares
outstanding: 10% cumulative preferred shares, 107,500...
At December 31, 2020, Yosra Corporation had the following shares
outstanding: 10% cumulative preferred shares, 107,500 shares
outstanding $10,750,000 Common shares, 4,000,000 shares outstanding
20,000,000 During 2020, the corporation's only share transaction
was the issuance of 400,000 common shares on April 1. During 2020,
the following also occurred: Income from continuing operations
before tax $23,650,000 Discontinued operations (loss before tax)
3,225,000 Preferred dividends declared 1,075,000 Common dividends
declared 2,200,000 Effective tax rate 30%
Required:
a) Prepare the partial income statement...
Ajax Enterprises had 220,000 shares of common stock issued and
outstanding at December 31, 2025. Unexercised...
Ajax Enterprises had 220,000 shares of common stock issued and
outstanding at December 31, 2025. Unexercised stock options to
purchase 40,000 shares of common stock at $20 per share were
outstanding at the beginning and end of 2026. The market price of
Glendale's common stock was $25 per share during 2026. Net income
for the year ended December 31, 2026, was $1,100,000. What should
be Ajax's 2026 diluted earnings per common share, rounded to the
nearest penny?
Ajax Corporation began...
At December 31, 2017 and 2018, Funk & Noble Corporation had
outstanding 1,200 million shares of...
At December 31, 2017 and 2018, Funk & Noble Corporation had
outstanding 1,200 million shares of common stock and 18 million
shares of 6%, $100 par value cumulative preferred stock. No
dividends were declared on either the preferred or common stock in
2017 or 2018. Net income for 2018 was $2,628 million. The income
tax rate is 40%.
Calculate earnings per share for the year ended December 31,
2018.
Blossom Corporation had 120,000 common shares outstanding on
December 31, 2016. During 2017, the company issued...
Blossom Corporation had 120,000 common shares outstanding on
December 31, 2016. During 2017, the company issued 14,500 shares on
March 1, retired 4,100 shares on July 1, issued a 20% stock
dividend on October 1, and issued 21,600 shares on December 1. For
2017, the company reported net income of $480,000 after a loss from
discontinued operations of $68,800 (net of tax). The company issued
a 2-for-1 stock split on February 1, 2018, and the company’s
financial statements for the...
On December 31, 2011, JME Corporation had 350,000 shares of
common stock outstanding. On September 1,...
On December 31, 2011, JME Corporation had 350,000 shares of
common stock outstanding. On September 1, 2012, an additional
150,000 shares of common stock were issued. In addition, JME had
$10 million of 8% convertible bonds outstanding at December 31,
2011, which are convertible into 200,000 shares of common stock.
Net income for 2012 was $3 million. Assuming an income tax rate of
40%, what amount should be reported as the diluted earnings per
share for 2012?
Swifty Corporation had 1,000,000 shares of common stock issued
and outstanding at December 31, 2020. On...
Swifty Corporation had 1,000,000 shares of common stock issued
and outstanding at December 31, 2020. On July 1, 2021 an additional
1,000,000 shares were issued for cash. Swifty also had stock
options outstanding at the beginning and end of 2021 which allow
the holders to purchase 291000 shares of common stock at $28 per
share. The average market price of Swifty’s common stock was $35
during 2021. The number of shares to be used in computing diluted
earnings per share...
At December 31, 2016, Morrison Company had 700 shares of common
stock outstanding. On September 1,...
At December 31, 2016, Morrison Company had 700 shares of common
stock outstanding. On September 1, 2017, an additional 300 shares
of common stock were issued. In addition, Morrison had $20,000 of 8
percent convertible bonds outstanding at December 31, 2016, which
are convertible into 400 shares of common stock. No bonds were
converted into common stock in 2017. Net income for the year ended
December 31, 2017, was $6,000. Assuming an income tax rate of 50
percent what would...