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In: Accounting
The following information is available for Barone Corporation: January 1, 2013 Shares outstanding &n
The following information is available for Barone Corporation:
January 1, 2013 Shares outstanding 1,500,000
April 1, 2013 Shares issued 240,000
July 1, 2013 Treasury shares purchased 90,000
October 1, 2013 Shares issued in a 100% stock dividend 1,650,000
The number of shares to be used in computing earnings per common share for 2013 is
A. 3,285,000
B. 3,390,600
C. 2,047,500
D. 3,270,000
Solutions
ekkarill92 answered 1 year agoRelated Solutions
The following information is available for Barone Corporation: January 1, 2013 Shares outstanding &n
The following information is available for Barone
Corporation:
January 1, 2013 Shares
outstanding
1,500,000
April 1,
2013
Shares
issued
240,000
July 1,
2013
Treasury shares
purchased
90,000
October 1, 2013 Shares
issued in a 100% stock
dividend
1,650,000
The number of shares to be used in computing earnings per common
share for 2013 is
A. 3,285,000
B. 3,390,600
C. 2,047,500
D. 3,270,000
PLEASE SHOW YOUR WORK!
The following information is available for Bugsy Corporation: January 1, 2018 Shares outstanding &nb
The following information is available for Bugsy
Corporation:
January 1, 2018 Shares
outstanding
2,000,000
March 1, 2018 Shares
issued
570,000
April 1, 2018
Treasury shares
purchased
100,000
September 1, 2018 Shares issued
300,000
The number of shares to be used in computing earnings per common
share (WASO) for 2018 is
Select one:
2,500,000 shares
2,269,167 shares
2,583,333 shares
2,294,167 shares
The following information is available for a corporation: January 1st, 2020 Shares outstanding: 1,250,000 April 1,...
The following information is available for a corporation:
January 1st, 2020 Shares outstanding: 1,250,000
April 1, 2020 Shares Issued: 200,000
July 1, 2020 Purchased Treasury Stock 75,000
October 1, 2020 Issued a 2 for 1 stock split
The number of shares to be used in computing earnings per common
share for 2020 is
A) 2,737,500
B) 2,825,500
C) 2,725,000
D) 1,706,250
2 The following information is available for Barone Corporation in 2018 with Net Income of $20,250,000....
2 The following information is available for Barone Corporation
in 2018 with Net Income of $20,250,000. The company also had
Preferred Stock, 6%, $50 par value with 150,000 shares authorized
and 135,000 issued and outstanding. The full dividend was paid this
year. January 1, 2018 Shares outstanding 4,000,000 April 1, 2018
Shares issued 640,000 July 1, 2018 Treasury shares purchased
240,000 October 1, 2018 Shares issued in a 30% stock dividend
November 1, 2018 2::1 Split
Compute the basic EPS....
On January 1, 2013, Piranto acquires 90 percent of Slinton’s outstanding shares. Financial information for these...
On January 1, 2013, Piranto acquires 90 percent of Slinton’s
outstanding shares. Financial information for these two companies
for the years of 2013 and 2014 follows:
Note: Parentheses indicate a credit balance.
2013
2014
Piranto Company:
Sales
$
(729,000
)
$
(926,000
)
Operating expenses
486,000
556,000
Unrealized gross profits as
of end of year
(included in above
figures)
(215,000
)
(233,000
)
Dividend income—Slinton
Company
(9,000
)
(40,500
)
Slinton Company:
Sales
(253,000
)
(320,000
)
Operating...
On January 1, 2013, Piranto acquires 90 percent of Slinton’s outstanding shares. Financial information for these...
On January 1, 2013, Piranto acquires 90 percent of Slinton’s
outstanding shares. Financial information for these two companies
for the years of 2013 and 2014 follows: Note: Parentheses indicate
a credit balance.
2013
2014
Piranto Company:
Sales
$
(683,000
)
$
(1,062,000
)
Operating expenses
446,000
594,000
Unrealized gross profits as
of end of year
(included in above
figures)
(169,000
)
(237,000
)
Dividend income—Slinton
Company
(9,000
)
(40,500
)
Slinton Company:
Sales
(293,000
)
(359,000
)
Operating expenses
124,000...
On January 1, 2013, Plano Company acquired 8 percent (25,600 shares) of the outstanding voting shares...
On January 1, 2013, Plano Company acquired 8 percent (25,600
shares) of the outstanding voting shares of the Sumter Company for
$460,800, an amount equal to Sumter’s underlying book and fair
value. Sumter declares and pays a cash dividend to its stockholders
each year of $160,000 on September 15. Sumter reported net income
of $389,000 in 2013, $461,200 in 2014, $510,000 in 2015, and
$485,600 in 2016. Each income figure can be assumed to have been
earned evenly throughout its...
On January 1, 2013, Plano Company acquired 8 percent (16,000 shares) of the outstanding voting shares...
On January 1, 2013, Plano Company acquired 8 percent (16,000
shares) of the outstanding voting shares of the Sumter Company for
$192,000, an amount equal to Sumter’s underlying book and fair
value. Sumter declares and pays a cash dividend to its stockholders
each year of $100,000 on September 15. Sumter reported net income
of $300,000 in 2013, $360,000 in 2014, $400,000 in 2015, and
$380,000 in 2016. Each income figure can be assumed to have been
earned evenly throughout its...
On January 1, 2013, Plano Company acquired 8 percent (16,000 shares) of the outstanding voting shares...
On January 1, 2013, Plano Company acquired 8 percent (16,000
shares) of the outstanding voting shares of the Sumter Company for
$192,000, an amount equal to Sumter’s underlying book and fair
value. Sumter declares and pays a cash dividend to its stockholders
each year of $100,000 on September 15. Sumter reported net income
of $300,000 in 2013, $360,000 in 2014, $400,000 in 2015, and
$380,000 in 2016. Each income figure can be assumed to have been
earned evenly throughout its...
Anderson acquires 10 percent of the outstanding voting shares of Barringer on January 1, 2013, for...
Anderson acquires 10 percent of the outstanding voting shares of
Barringer on January 1, 2013, for $107,080 and categorizes the
investment as an available-for-sale security. An additional 20
percent of the stock is purchased on January 1, 2014, for $245,200,
which gives Anderson the ability to significantly influence
Barringer. Barringer has a book value of $942,000 at January 1,
2013, and records net income of $220,000 for that year. Barringer
declared and paid dividends of $92,000 during 2013. The book...
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