Cash dividends on its nonconvertible preferred stock

Assignment Help Financial Accounting

Reference no: EM131216013

Flyaway Travel Company reported net income for 2012 in the amount of $90,000. During 2012, Flyaway declared and paid $2, 125 in cash dividends on its nonconvertible preferred stock. Flyaway also paid $10,000 cash dividends on its common stock. Flyaway had 40,000 common shares outstanding from January 1 until 10,000 new shares were sold for cash on April 1, 2012. What is 2012 basic earnings per share?

Reference no: EM131216013

Questions Cloud

Define a problem in your workplace or community : Define a problem in your workplace or community persuasively and accurately - propose a solution or solutions to the problem or issue.

Discuss the two growth patterns that describe these changes : Explain the core knowledge perspective of cognitive development noting research that both supports and challenges its assumptions. Describe the information-processing view of cognitive development, including its contributions and limitations.

What requirements are made of the computer in each case : Audio and video MPEG encoding and decoding at the PC can be carried out by software or hardware. What requirements are made of the computer in each case?

Provide a qualitative assessment of the reactions : Based on the expressions above, provide a qualitative assessment of the reactions. From this assessment, provide the ideal conditions for the formation of G. Evaluate quantitatively to determine which reactor, plug flow or perfectly mixed, that wo..

Cash dividends on its nonconvertible preferred stock : Flyaway Travel Company reported net income for 2012 in the amount of $90,000. During 2012, Flyaway declared and paid $2, 125 in cash dividends on its nonconvertible preferred stock. Flyaway also paid $10,000 cash dividends on its common stock. Flyawa..

Identify the pathophysiology of chronic venous insufficiency : Select a patient factor different from the one you selected in this week's Discussion: genetics, gender, ethnicity, age, or behavior. Think about how the factor you selected might impact the pathophysiology of CVI and DVT. Reflect on how you would..

Why are 1 bit-converters gaining more and more ground : Explain the virtues of delta and sigma-delta encoding. Under what conditions does this encoding make sense with audio signals compared with the traditional PCM process? Why are 1 bit-converters gaining more and more ground?

What is the effect on earnings in the year after the shares : FX Services granted 15 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within three years. The common shares have a market price of $8 per share on the grant date. Ignoring taxes, what is the effec..

Fair value option to account for equity method investment : On Jan 1, 2015 the Regal company purchased 30% of the outstanding voting stock on the Air Corporation for $ 300,000; the book value of Air's net assets at the date of purchase was $ 900,000. Regal has elected the fair value option to account for equi..

User Account

All Pages