How much is earnings per share for the year

Assignment Help Financial Accounting

Reference no: EM13133089

The Torre Company has the following balances in stockholders equity on December 31st.

Common Stock - $5.00 par, 60,000 issued $300,000
Additional paid in capital - common 600,000
Preferred stock - $100 par, 5,000 issued 500,000
Additional paid in capital - preferred 100,000
Retained earnings 200,000
Treasury stock (cost - $12.00 per share) 60,000

Answer the following questions:

1. How many shares of treasury stock are owned?

2. What was the average market price per share at which common stock was issued?

3. What was the average market price per share at which preferred stock was issued?

4. What is the total value of the Paid in Capital portion of stockholders equity?

5. What is the total value of stockholders equity?

6. How many shares of common stock are outstanding?

7. If net income for the year was $75,000 and a preferred stock dividend of $20,000 was paid, what was the beginning value of retained earnings? How much is earnings per share for the year?

Reference no: EM13133089

Questions Cloud

Determine the proportion of weeks family spends less : Based on this information can we determine the proportion of weeks the family spends less than $200. If so, find this proportion. If not, explain why.

High-low method of analysis : Using the high-low method of analysis, the estimated variable cost per labor hour for maintenance is closest to: A) $0.83 B) $1.84 C) $1.30 D) $1.14

What percentage of the h+ ions in the solution : Calculate [CO32- ] in a 0.025 M solution of CO2 in water (H2CO3). If all the CO32- in this solution comes from the reaction shown below, what percentage of the H+ ions in the solution is a result of the dissociation of HCO3‾?

Compute the depreciation for the second year : Kinney Company purchased a truck for $57,000. The company expected the truck to last four years or 100,000 miles, with an estimated residual value of $6,000 at the end of that time. During the second year the truck was driven 27,000 miles. Compute..

How much is earnings per share for the year : If net income for the year was $75,000 and a preferred stock dividend of $20,000 was paid, what was the beginning value of retained earnings? How much is earnings per share for the year?

Explain order of reactivity : Order of reactivity, Suggest an explanation for the fact that the order of reactivity of the halides toward n-butylbrosylate in acetone

Find proportion of newscasts having between value : A standard deviation of .15 million people. What is the proportion of these newscasts having between .9 million and 1.5 million viewers?

What would the stock price be just after the dividend shares : The company also declared and paid a 10% stock dividend on its common shares. When the stock dividend was declared, 1 million common shares were outstanding, and the market price of common stock was $135 per share.

Prepare a justification report : Create a plan that identifies what information you will need to prepare a justification report making a recommendation to an organization to implement a particular product, service, or program.

User Account

All Pages