User Account

All Pages

Calculate the profit available to common shareholders

Assignment Help Financial Accounting
Reference no: EM132600299

Dagobah Company had profit of $343,125 for the year ended December 31, 2018. Cash dividends of $115,000 on the common shares and of $45,000 on the non-cumulative preferred shares were declared and paid during that year.

The following changes in common shares also occurred in 2018:

January 1, 2018 The opening number of common shares was 60,000

April 1, 2018 Sold 10,000 common shares for $225,000 cash

June 30, 2018 Reacquired 5,000 common shares for $175,000 cash

December 1, 2018 Issued 15,000 common shares in exchange for land with a fair value of $475,000.

REQUIRED:

Question a. Calculate the profit available to common shareholders

Question b. Calculate the weighted average number of common shares in 2018

Question c. Calculate the earnings per share.

Reference no: EM132600299

Questions Cloud

What are some methods to assimilate new generations : What are some methods to assimilate new generations into the workforce to think about competitive advantage?
Defense-in-depth principle to ensure protection : Microsoft adheres to a defense-in-depth principle to ensure protection of its cloud services, such as Microsoft Office 365.
Prepare the amortization table for the note payable : Prepare the amortization table for the note payable for the first year (First two payment). Record first payment made on note (no description is required)
Secure windows applications policy : One of the security improvements for the Always Fresh IT environment is to ensure all workstations and servers run secure applications.
Calculate the profit available to common shareholders : Calculate the weighted average number of common shares in 2018.Dagobah Company had profit of $343,125 for the year ended December 31, 2018.
Key part of successful incident response plan : Communication is a key part of a successful incident response plan. Should customers be informed immediately? Why or why not?
Explain what is the expected loss from the forward hedging : Cray Research, If you were the financial manager of Cray Research, would you recommend hedging this euro receivable? Why or why not?
Explain the importance of good internal control procedures : Explain the importance of good internal control procedures and summarize the elements of internal control.You are an employee at a full-service bookkeeping
Shows the six stages of process development : Shows the six stages of process development. Can you explain the six and how they can apply to your daily life?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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