Compute the earnings per share of common stock

Assignment Help Accounting Basics

Reference no: EM13146461

Smith Company has a simple capital structure. At December 31, 2008, it had $500,000 of $100 par value 6% preferred stock outstanding, and $1,000,000 of $5 par value common stock outstanding. Net income for the year was $480,000.

Compute the earnings per share of common stock assuming the dividend on preferred stock was not declared and the preferred stock is cumulative. The common shares remained unchanged during the year.

Reference no: EM13146461

Questions Cloud

Which confidence interval is more practical and useful : Compute the 3.9% confidence interval on the mean. Which confidence interval is more practical and useful in a business situation? Why?

Necessary journal entry for conversion-retirement of bond : Prepare the necessary journal entry for the conversion and retirement of the bonds.

Graph this utility maximizing situation : show through some examples that every other way of allocating income provides less utility than does the point identified in partb. Graph this utility maximizing situation.

What other genotypes and in what frequencies : A man with type A blood marries a woman with type B blood. Their child has type O blood. What are the genotypes of these individuals? What other genotypes, and in what frequencies, would you expect in offspring from this marriage?

Compute the earnings per share of common stock : Compute the earnings per share of common stock assuming the dividend on preferred stock was not declared and the preferred stock is cumulative. The common shares remained unchanged during the year.

Considered to be alive evolve : how can things like these that are not considered to be alive evolve ?

Find probability that given patient has serious illness : Researchers have determined that patients who are smokers have 18% chance of contracting a serious illness. What is the probability that a given patient if the patient has a serious illness?

What is dana genotype : Dana has one dominant allele for brown eyes and one recessive allelle for blue eyes. What is dana's genotype and what is her phenotype?

Find the molecular formula for this compound : A compound is constituted by mass of 22.6% phosphorus, the rest being chlorine. Given that a volume of 307 mL of the gas has a mass of 1.55 g at 25 °C and 90 kPa, find the molecular formula for this compound

User Account

All Pages