Jamieson company earned net income of 43800 during 2010 at

Assignment Help Accounting Basics
Reference no: EM13599125

Jamieson company earned net income of $43,800 during 2010. At the beginning of 2010 it had 10,000 shares of common stock outstanding; an additional 4,000 shares were issued on July 2. During 2010, 600 shares of 8%, $100 par, convertible preferred stock were outstanding the entire year. Dividends on this preferred stock were paid in 2010. Each share is convertible into 5 shares of common stock. The corporate income tax rate is 30%.

Required
Compute the 2010 diluted earnings per share.

Reference no: EM13599125

Questions Cloud

How much of the actual food services cost for june should : 1. hilbun corporation has two operating divisions-an atlantic division and a pacific division. the companys logistics
Assume you are opening a bed bath and beyond store to : assume you are opening a bed bath and beyond store. to finance the business you need a 500000 loan and your bank
During the year it engaged in the following transactions : at the beginning of the current year health company had 20000 shares of 10 par common stock outstanding. during the
On december 312010 dow steel corporation had 600000 shares : on december 312010 dow steel corporation had 600000 shares of common stock and 300000 shares of 8 noncumulative
Jamieson company earned net income of 43800 during 2010 at : jamieson company earned net income of 43800 during 2010. at the beginning of 2010 it had 10000 shares of common stock
Sardel company reported net income of 29975 for 2010 during : sardel company reported net income of 29975 for 2010. during all of 2010 the company had 1000 shares of 10 100 par
What ethical concern do you have regarding the method used : what ethical concern do you have regarding the method used to gather information about space utilization? what
Would you advise mr duncan to open the car wash show : complete the following exercise using the excel template found in your online classroom and respond to at least two of
Given that there at a minimum two ways to calculate the : given that there at a minimum two ways to calculate the time value of money - present value and future value would it

Reviews

Write a Review

Accounting Basics Questions & Answers

  Carlo company uses a predetermined overhead rate based on

carlo company uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhad to jobs.

  Rainbow paints operates a chain of retail paint stores

rainbow paints operates a chain of retail paint stores. although the paint is sold under the rainbow label it is

  Irregularities led to one of the largest bankruptcies in u.s

Enron Corporation was a darling in the energy-provider arena, and in January 2001 its stock price rose above $100 per share. A collapse of investor confidence in 2001 and revelations of accounting irregularities led to one of the largest bankr..

  Ivans capital account was credited for 120000 the partners

ivans capital account was credited for 120000. the partners agreed further that the current fair values of the net

  A firm has an roe of 3 a debtequity ratio of 5 a tax rate

a firm has an roe of 3 a debtequity ratio of .5 a tax rate of 35 and pays an interest rate of 6 on its debt. what is

  What is the beginning inventory of chemicals

Each drum requires 6 gallons of chemicals and one plastic drum

  Philip morris is excited because sales for his clothing

philip morris is excited because sales for his clothing company are expected to double from 650000 to 1300000 next

  Using the proper interest table answer the following

using the appropriate interest table answer the following questions. each case is independent of the others.a what is

  Coastal airlines has a significant presence at the san jose

coastal airlines has a significant presence at the san jose international airport and therefore operates the emerald

  Determine the maximum total contribution margin the company

gunst company produces three video games android bio-mutant and cyclops. cost and revenue data pertaining to each

  Purpose of engagement planning

What is the purpose of engagement planning? What critical information should the auditor consider during engagement planning? How will this information affect the scope of the audit?

  The average cost of a piano from the manufacturer

Scottsdale Fine Piano%u2019s purchases pianos from a well-known manufacturer and sells them through their retail store. The Baby Grand Pianos sell, on average, for $2,500 each.

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