User Account

All Pages

Calculate Earnings Per Share for Kents Inc

Assignment Help Accounting Basics
Reference no: EM132871740

Question - Kent's Inc. started 2020 with the following shares outstanding:

5,000, $1,00 cumulative preferred shares (No dividends in arrears)

9,000 common shares

The company earned $350,000 during 2020 and had the following share transactions:

Mar 1st Issued 6,000 common shares for trucks valued at $25,000

Aug 1st Repurchased 1,700 common shares at $15/share

Nov 1st Issued 4,700 common shares for $16/share

Required -

A. Calculate Earnings Per Share for Kent's Inc. for 2020.

B. Assuming all other information is similar, if Joey's Ltd. had earnings per share of $18.28 for 2020, which companies shares would you chose to invest in if you had to pick one, Kent's Inc. or Joey's Ltd?

Reference no: EM132871740

Questions Cloud

Internal or external pressure that caused the change : What was the internal or external pressure that caused the change? What organizational changes resulted from the pressure for change?
What influence does public opinion have on health care : What influence does public opinion have on health care policy? Provide a recent (last eight weeks) poll or news article on healthcare policy
Prepare the journal entry for the issuance : Prepare the journal entry for the issuance when the market price of the common shares is $164 each and the market price of the preferred is $205 each
What are the implications of the four philosophies : Which do you consider to be the most valuable philosophy for human resource management? What are the implications of these four philosophies?
Calculate Earnings Per Share for Kents Inc : Mar 1st Issued 6,000 common shares for trucks valued at $25,000. Calculate Earnings Per Share for Kent's Inc. for 2020
Prepare in-depth comparative analysis : Prepare an in-depth comparative analysis research paper between two different firms operating in two different countries but which have similar challenges.
Discuss ways that various country attempt to limit weapons : Discuss some of the ways that various countries, and the global community, have attempted to limit weapons proliferation (small arms, nuclear, chemical)
Grass roots company : How does a company grow to become an international entity? Describe a success and a difficulty it had growing to international status
What is the amount of discount lost on vouchers paid : The following data were taken from the books of POGI Company which uses a voucher system. What is the amount of discount lost on vouchers paid

Reviews

Write a Review

Accounting Basics Questions & Answers

  What was the amount of cash provided by operating activities

During 2012 the DLD Company had a net income of $55,000. What was the amount of cash provided by operating activities

  What is consolidated net income for the year

The carrying amounts of Sherwood's assets and liabilities equaled their fair values except for its equipment, What is consolidated net income for the year

  What is the ending value in merchandise inventory

Tara Kelly Inc. has $4,000 in INVENTORY at Jan 1, 2015. What is the Ending Value in Merchandise Inventory and Cost of Goods

  Calculate the income taxes to be withheld on vacation pay

Paul Westin works for an Alberta organization and receives a regular salary of $1,800.00 semi-monthly. Calculate the income taxes to be withheld on vacation pay

  Why is revenue recognition a significant issue

Why is revenue recognition a significant issue? How do we determine when revenues are recorded for accounting purposes

  Prepare the journal entries for direct materials

Prepare the journal entries for direct materials, direct labor, overhead, and finished product for July, assuming that direct labor is 50% of conversion cost

  Prepare january journal entry for papermaking department

Cost of Production and Journal Entries - Prepare the January journal entry for the Papermaking Department for the materials charged to production

  Find the accounts receivable turnover ratio

Net Credit Sales - $995,000 for 2018 and $902,000 for 2019. Find the accounts receivable turnover ratio to one decimal place

  Burger king uses the indirect method to prepare its

effects of burger kings current liabilities on its statement of cash flowsthe following items are classified as current

  What factors would you consider in determining the form

What factors would you consider in determining the form the disclosures should take, and in which years the disclosures would be made?

  Discuss the competing patent can be used in producing

Broadway Corporation does not feel the competing patent can be used in producing a product. The cost of the competing patent should be

  Journalize the entry to record the amount of cash proceeds

Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, Year 1

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd