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1.On December 31, 2012, Ainsworth, Inc., had 600 million shares of common stock outstanding. Twenty million shares of 8%, $100 par value cumulative, nonconvertible preferred stock were sold on January 2, 2013. On April 30, 2013, Ainsworth purchased 30 million shares of its common stock as treasury stock. Twelve million treasury shares were sold on August 31. Ainsworth issued a 5% common stock dividend on June 12, 2013. No cash dividends were declared in 2013. For the year ended December 31, 2013, Ainsworth reported a net loss of $140 million, including an after tax extraordinary loss of $400 million from a litigation settlement.Required:1. Determine Ainsworth's net loss per share for the year ended December 31, 2013.2. Determine the per share amount of income or loss from continuing operations for the year ended December 31, 2013.3. Prepare an EPS presentation that would be appropriate to appear on Ainsworth's 2013 and 2012 comparative income statements. Assume EPS was reported in 2012 as $.75, based on net income (no extraordinary items) of $450 million and a weighted average number of common shares of 600 million.
Prepare a comparative common-size income statement for Stamps Music Ltd. using the 2014 and 2013 data of exercise E13-14 and rounding percentages to one-tenth percent
For the year ending June 30, 2008, the Austin Corporation has current assets of $ 275,000 and total assets of $ 900,000. It also has current liabilities of $ 150,000, equity of $ 200,000, and retained earnings of $ 100,000. The marginal tax rate f..
lakshmi is single and provides you with the following tax information for 2012 salary 200000 bank account interest 1000
i am the chief administrator of uptown clinic a community mental health agency i am concerned about the dilemma of
the ward county hospital center wchc wants to buy a new mobile primary care van to use in screening residents in an
Prepare journal entries required at December 31, 2010, and December 31, 2011, assuming that the inventory is recorded at cost and an allowance account is adjusted at each year-end under a perpetual system.
s. a. harrington company is a u.s.-based company that prepares its consoli- dated financial statements in accordance
Journalize the adjusting entries
Determine Amazing's postretirement benefit expense for the current year. Prepare the journal entry to record the benefit expense for the current year.
which of the following belong in the current assets section of the balance sheet?a. cashb. short term investmentsc.
Write a paper that is at least 750 words in which you discuss the difference between comparative and ratio analysis. Differentiate and share the purpose and importance of each.
willie lowman is the internal auditor for dead salesman printing a book printing company. in the book printing business
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