Calculate earnings per share data

Assignment Help Accounting Basics
Reference no: EM133112483

Question - On December 31, 2019, Wildhorse Corporation had 139,200 common shares outstanding. On April 30, 2020, the company issued an additional 52,000 common shares for cash. On July 31, 2020, the company repurchased and cancelled 22,000 common shares. During the year ended December 31, 2020, Wildhorse earned income before taxes of $40,000,000. Not included in this income was a loss from discontinued operations of $5,000,000 before tax. The company was subject to a 25% income tax rate. Calculate earnings per share data as they should appear on the 2020 income statement of Wildhorse Corporation.

Reference no: EM133112483

Questions Cloud

What is the correct amount of company inventory on December : The company's reported inventory (before any corrections) was P2,000,000. What is the correct amount of the company's inventory on December 31
What is the current yalue : a) If the annualized yolatility of this company's stock price is 2096 and the public expects the company to pay one dividend of $5 per share in 5 years time fro
Percentage of the total synergies : Acquirer (ACQ) and Target (TAR) enter into merger agreement and make the following announcement:
Explain how the dash shell countermeasures work : Investigate and explain how the dash shell countermeasures work with regard to dash preventing itself from being executed in a Set-UID process
Calculate earnings per share data : The company was subject to a 25% income tax rate. Calculate earnings per share data as they should appear on the 2020 income statement of Wildhorse Corporation
Burgers and brew downtown : After this exam and you're finished with the next Case, you pop into Burgers and Brew downtown after the restaurants reopen. You overhear some blokes at the soc
Determining the firm cost of capital : Sonderson Corporation is undertaking a capital budgeting analysis. The firm's beta is 1.5. The rate on 10 year T-Bonds is 1.6% and the return on the S&P 500 ind
Key drivers of returns in a typical leverage buyout : The three key drivers of returns in a typical leverage buyout are leverage, operational improvements, and multiple expansion. Which statement is false?
Identify well-known corporate corruption case : Identify a well-known corporate corruption case. In one paragraph summarize the case.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Which no merger or consolidation shall be valid unless

Which No merger or consolidation shall be valid unless? Approved by a 3/4 vote of all the members with voting rights and non-voting rights

  Accounting rules relating to individual financial statements

‘The UK accountancy profession no longer has any influence on the accounting rules relating to individual financial statements.' Discuss.

  Prepare the necessary adjusting entries at december

Given the following information, prepare the necessary adjusting entries at December 31, 2020, the company's year-end

  Project annual after tax cash flow

What is the expected value of each project's annual after tax cash flow? Justify your answers and identify any conflicts between the IRR and the NPV and explain why these conflicts may occur.

  What determines audit quality in a given country

What is audit quality? What determines audit quality in a given country

  Prepare an income statement statement of owners equity

Based on the data in Exercise 4-23, prepare an income statement, statement of owner’s equity, and balance sheet for Homeland Security Services Co.

  What the work of factory employees that can be physically

What the work of factory employees that can be physically and directly associated with converting raw materials into finished goods is

  What is total balance in Darnell contributed surplus account

What is the total balance in Darnell's contributed surplus accounts immediately after these transactions are recorded

  Determine the general rule for recording treasury stock

What ASC paragraph or paragraphs would you use to determine the general rule for recording treasury stock purchases

  What is the firm accounts receivables turnover

Flying Tigers, Inc. has net sales of $747,000 and accounts receivables of $169,000. What is the firm's accounts receivables turnover

  Cajun corporation manufactures a labor-intensive productthe

cajun corporation manufactures a labor-intensive product.the cost standards developed by cajun appear below.

  Discuss what amount would be reported on the march

What amount would be reported on the March 31, 2015, balance sheet for treasury stock

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