Reference no: EM132756207
Question: Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2016, 2017, and 2018.
RENN-DEVER CORPORATIONStatements of Retained Earnings For the Years Ended December 31 2018 2017 2016 Balance at beginning of year$7,105,692 $5,663,452 $5,764,552 Net income (loss) 3,322,700 2,380,900 (101,100) Deductions: Stock dividend (39,800 shares) 256,000 Common shares retired, September 30 (120,000 shares) 226,660 Common stock cash dividends 903,950 712,000 0 Balance at end of year$9,268,442 $7,105,692 $5,663,452
At December 31, 2015, paid-in capital consisted of the following:
Common stock, 2,110,000 shares at $1 par,$2,110,000 Paid in capital-excess of par 7,560,000
No preferred stock or potential common shares were outstanding during any of the periods shown.
Required: Compute Renn-Dever's earnings per share as it would have appeared in income statements for the years ended December 31, 2016, 2017, and 2018. (Negative amounts should be indicated by a minus sign.)
Calculate the correlation coefficient using technology
: An object is thrown from the top of a building. The following data measure the height of the object from the ground for a five-second period.
|
What is the correct cash receipts amount for the month
: HIRO Company provided you its June bank statement for its PNB demand account. The beginning balance, total debits and total credits are P350,000, P2,800,000.
|
What would your credit decision be
: If you were the loan officer underwriting this request, what would your credit decision be? Please defend your decision. The response must be typed.
|
What will the earnings per share the combined entity be
: Angela Ltd has earnings of $200,000, has 200,000 shares on issue, and the shares are priced at $10 per share. Bronwyn Ltd has earnings of $120,000.
|
Compute renn-devers earnings per share
: Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2016, 2017, and 2018.
|
What are the main components of the current account
: What are the main components of the current account. Give a debit and a credit example for each component for Australia? What is the difference between a real.
|
Advise management whether to accept or reject the order
: The company has the capacity to produce 60,000 units. The product regularly sells for $45. A wholesaler has offered to pay $40 each for 2,000 units.
|
Record the expense or write the check tomorrow
: On the last day of the fiscal year, a co-worker asks you to cut a check for $2,000 as a miscellaneous expense for supplies in order to complete a project.
|
What would be the legal and ethical choices of the business
: Retail stores will spur sales by allowing generous sales terms. For instance, you might buy a flat screen plasma TV and not have to pay anything until two years
|