User Account

All Pages

Determine the basic earnings per share for year ended dec

Assignment Help Accounting Basics
Reference no: EM132704075

On January 1, 2021, Allergen Delivery Company had 100,000 shares of common stock outstanding. The net income for the year was $297,750.

Problem a.) Determine the basic earnings per share for the year ended December 31, 2021. Show a labeled calculation for the denominator before calculating EPS.

Problem b.) Assume the same facts as above, but in addition, the company purchased 24,000 shares on the open market on March 1, 2021, as treasury stock for $47 per share. On June 1, the company declared and issued a 2-for1 stock split on outstanding common stock. Determine the basic earnings per share for the year ended December 31, 2021.  Show a labeled calculation for the denominator before calculating EPS.

Reference no: EM132704075

Questions Cloud

Has chipotle issued any preferred stock : How many shares of common stock were acquired for the treasury in calendar year 2019? Has Chipotle issued any preferred stock ?
Discuss in detail three potential hazards for population : Older adults (OA) are at risk for potential hazards of hospitalization, these include: immobility, delirium, medication side effects, malnutrition.
How much higher is the manager bonus : The manager of Windsor is given a bonus based on net income before taxes. How much higher is the manager's bonus if FIFO is adopted instead of LIFO?
Calculate the tax for this short period : The Au Natural Clothing Corporation has changed its year-end from a calendar year-end to March 31, Calculate the tax for this short period
Determine the basic earnings per share for year ended dec : Determine the basic earnings per share for the year ended December 31, 2021. Show a labeled calculation for the denominator before calculating EPS.
What is the amount of percent Medicare tax : What is the amount of 0.9 percent Medicare tax for high-income taxpayers that his employer must withhold from his wages
What types of advocacy exist for nurses today : What types of advocacy exist for nurses today? Certainly we can see how there are many ways and different groups to advocate for as a nurse.
What is the amount of Roberta self-employment tax : For 2018, Roberta is a self-employed truck driver with earnings of $45,000 from her business. What is the amount of Roberta self-employment tax
Draw cross sectional diagrams of the major fabrication steps : Draw cross sectional diagrams of the major fabrication steps required for the fabrication of a p-MOSFET to be used as active load for an amplifier

Reviews

Write a Review

Accounting Basics Questions & Answers

  Consider an asset that costs 553000 and is depreciated

consider an asset that costs 553000 and is depreciated straight-line to zero over its seven-year tax life. the asset is

  Compute the basic earnings per share for Granite Ltd

Granite Ltd commenced the year with 400 000 fully paid ordinary shares. Compute the basic earnings per share for Granite Ltd for 2019

  What is the rationale for the calculations

Determine Consider what learned relative to ethics and financial reporting. What is the rationale for the calculations/process used to estimate

  What is the purpose of the partnership agreement

Determining characteristics of a partnership and accounting for partner contributions - What is the purpose of the partnership agreement

  What other factors should best trim consider

What is the opportunity cost of interest forgone from purchasing all 204,000 units at the start of the year instead of 12 monthly purchases of 17,000 units per order?

  Prepare an income statement operations and a balance sheet

Prepare an income statement (ignoring income taxes) for Kissick Co.'s first year of operations and a balance sheet as of the end of the year

  Which strategy seems to be most successful at achieving

Based on the returns of the various strategies in Exhibits 15.3 and 15.4, which strategy seems to be most successful at achieving absolute returns?

  Prepare in good form a statement of shareholders equity

Prepare in good form a statement of shareholders equity for the year ended December 31, 2020. Blossom's income tax rate is 20%.

  Financial and operational plans-enrolment budgets

Let's say that you work in the budgeting office at a university and you have in front of you the expected student enrollment for the upcoming academic year. Discuss a few financial and operational plans that would be dictated by the enrolment bud..

  What maximum dollar amount company spend for the machine

What is the maximum dollar amount the company would be willing to spend for the machine, assuming its life is also five years? Income taxes are not considered

  Complete the flexible budget performance report in good form

Complete the Flexible Budget Performance Report in good form. Use whole #s. The report heading needs to be completed, but column headings are provided

  Explain the importance of break even analysis

Break even point analysis is an important financial analysis tool used by business owners. Explain the importance of break even analysis.

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