Reference no: EM132959193
Question - Information from the financial statements of Ames Fabricators, Inc., included the following:
December 31 2021 2020
Common shares 100,000 100,000
Convertible preferred shares (convertible into 76,000 shares of common) 28,800 28,800
8% convertible bonds (convertible into 30,000 shares of common) $1,000,000 $1,000,000
Ames's net income for the year ended December 31, 2021, is $780,000. The income tax rate is 25%. Ames paid dividends of $5 per share on its preferred stock during 2021.
Required - Compute basic and diluted earnings per share for the year ended December 31, 2021.
|
Why is capital structure analysis useful for a company
: Why is capital structure analysis useful for a company? What does the capital structure theory say about a company's capital structure
|
|
Record the issuance of shares of common stock
: January 2 Issues 100,000 shares of common stock for $18 per share. Record the issuance of 100,000 shares of common stock for $18 per share
|
|
Efforts toward goal achievement
: Leadership is defined as the process of influencing the activities of an individual or a group of individuals, in efforts toward goal achievement in a given sit
|
|
Arising out of the construction operations
: Johnson Contractors has been hired to build a shopping mall for Jack Hickman. In the construction contract, Johnson agrees to be responsible for Mr. Hickman's l
|
|
Compute basic and diluted earnings per share for the year
: Ames's net income for the year ended December 31, 2021, is $780,000. Compute basic and diluted earnings per share for the year
|
|
What is the journal entry to record the declaration
: On June 30, Manny's Health Food Store, Inc. Board of Directors declared a cash dividend of $.25 per share. What is the journal entry to record the declaration
|
|
Describe the use and importance of budgetary accounts
: Describe the use and importance of budgetary accounts used by governments. Comment on whether you find the use of budgetary information
|
|
What is the optimal order quantity
: What is the optimal order quantity with respect to so many lot sizes (that is, what multiple of 1,000 units should be ordered)
|
|
What sum of money set aside at his time
: Php 4000.00 will be spent at the end of each successive year until the boiler is scrapped at the age of 35 years. What sum of money set aside at his time
|