Income statement of tkachuk corporation

Assignment Help Financial Accounting
Reference no: EM13747327

The stockholders’ equity section of Tkachuk Corporation appears below as of December 31, 2014. 8% preferred stock, $50 par value, authorized 100,754 shares, outstanding 90,754 shares $4,537,700 Common stock, $1.00 par, authorized and issued 10.40 million shares 10,400,000 Additional paid-in capital 20,957,000 Retained earnings $134,710,000 Net income 35,640,000 170,350,000 $206,244,700 Net income for 2014 reflects a total effective tax rate of 34%. Included in the net income figure is a loss of $12,629,000 (before tax) as a result of a major casualty, which should be classified as an extraordinary item. Preferred stock dividends of $363,016 were declared and paid in 2014. Dividends of $1,030,000 were declared and paid to common stockholders in 2014.Compute earnings per share data as it should appear on the income statement of Tkachuk Corporation

Reference no: EM13747327

Questions Cloud

Inventory costs and operating expenses at the warehouse : Shauna Washington started a business to sell art supplies and related curricula to home school families. The business grew quickly, with sales doubling three time during a five year-period. At that point, she sold the business because it had grown to..
Create a management performance plan : For this unit's assignment, you are to complete the following portions of your strategic plan: Create a management performance plan that links action plans to the following issues: Motivation, Empowerment
Write a research paper on theology of augustine of hippo : Write a research paper on Theology of Augustine of Hippo. His views in relation to the norm of his time. His unfluence on that time period.
Problem-solving stages of conflict resolution : Identify and briefly describe the conflict situation between you and another person and how a covert conflict behavior was used within the conflict.
Income statement of tkachuk corporation : The stockholders’ equity section of Tkachuk Corporation appears below as of December 31, 2014. 8% preferred stock, $50 par value, authorized 100,754 shares, outstanding 90,754 shares $4,537,700 Common stock, $1.00 par, authorized and issued 10.40 mil..
Explain why are these essential components of staff quality : The health care organization that you work for will be expanding soon; therefore, it will need to hire many new employees. Why are these the essential components of staff quality
Prepare a statement of stockholders equity : C. Reither Co. reports the following information for 2014: sales revenue $761,500; cost of goods sold $512,700; operating expenses $90,900; and an unrealized holding loss on available-for-sale securities for 2014 of $52,100. It declared and paid a ca..
Calculate the net present value with a required return : Calculate the net present value with a required return of 10%, an initial investment of $30,000, and 10 years of payments of $6,000 each. Calculate the net present value with a required return of of 8%, an initial investment of $45,000, and cash flow..
What is the ratio of phenotypes : What is the ratio of phenotypes (yellow kernel color: blue kernel color) in the 20 offspring of your five crosses? If you were to run this experiment 1000 times, rather than just 5 times, what would you expect the ratio of phenotypes to be in the o..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Use the data below to answer the questions that follow

use the data below to answer the questions that follow. assume that the company uses the periodic inventory system.

  Explore the annual report disclosures

Explore the annual report disclosures for one of the NZX 50companies for 2012 -  consider accounting regulation and apply in the annual report

  Calculation of allowance for doubtful accounts bad

calculation of allowance for doubtful accounts bad debts.near the end of 20b the ledger of diko company included the

  Analysis more complex that firm operating in single country

Let's say that you are an analyst that is trying to understand the results and risk associated with the result of this firm. How is this analysis more complex that a firm operating in a single country? Discuss with the class at least three situations..

  Compute the return on investment for each division

Assume that each division is provided with an investment opportunity that could produce 20 percent return on investment. Which divisions would accept or reject it?

  Compute the predetermined overhead rate under current method

Compute the predetermined overhead rate under the current method, and determine the unit product cost of each product for the current year.

  What type of serial bond schedules an increase each year

What type of serial bond schedules an increase each year in annual principal repayment approximately equivalent to the decrease in interest payments?

  Calculate the net present values for each project

The three projects identified below should be used to answer the next 4 questions.  Each project represents an investment opportunity to an organization.  The relevant rate of interest, called the cost of capital, is 3.5%.

  Net income of the financial brokers partnership

Evaluate what was the net income of the Financial Brokers Partnership for 2008

  Calculate your net gain or loss for the stock

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills. Click here to access the rubric for this assignment.

  What depreciation method did company use

the company produced 4,400 units and recorded a depreciation expense of $22,000. What depreciation method did the company use?

  Prepare the september 9 entry to establish the fund

Prepare the September 9 entry to establish the fund and (2) the September30 entry to both reimburse the fund and reduce it to $300.

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!

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