User Account

All Pages

Determine the average ordinary shares outstanding

Assignment Help Financial Accounting
Reference no: EM132539674

Summer company had the following ordinary share activity during the current year:

January 1               outstanding                  500,000 shares

March 1               new shares issued          60,000 shares

June 1                    2 for 1 split                 560,000 shares

November 1          Treasury shares acquired        48,000 shares

The entity had 200,000 cumulative preference shares of 20 par value outstanding throughout the year. the preference dividend rate is 10% the entity reported a net income of 5,860,000 for the current year.

Required:

Question 1: Determine the average ordinary shares outstanding.

Question 2: Determine the basic earnings per share.

Reference no: EM132539674

Questions Cloud

Prepare the raw materials and work-in-progress : Beulah Trading, Prepare the Raw materials, Work-in-progress, Finished goods, Allowance for unrealised profit of general ledger accounts
How is group size related to group cohesiveness : How is group size related to group cohesiveness and performance? Describe the problems of a large group in terms of social loafing and lack of cohesion.
What strategic plan could the college or university : What strategic plan could the college or university at which you are taking this management course adopt to compete for students in the marketplace?
Massive losses from unauthorised trading : Why do such trading scandals continue to happen in banks? Are banks too complex to govern and manage well?
Determine the average ordinary shares outstanding : Determine the average ordinary shares outstanding. Determine the basic earnings per share. The entity had 200,000 cumulative preference shares of 20 par value
Global management- uber business model : How is Uber's business model characterized? How is it different from non-platform businesses? Is there a national market for Uber in China?
Explain how resources and capabilities : Explain how Resources and capabilities, activities and value proposition are connected in a strategy.
What is the purpose-goal of a strategy : Use mission statement, vision statement, statements of corporate values, and objectives to explain this.
Find what is the company wacc : Find What is the company's WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd