Lyon company shows the following condensed income statement

Assignment Help Accounting Basics

Reference no: EM131012887

Basic Earnings per Share

Lyon Company shows the following condensed income statement information for the year ended December 31, 2013:

1129_wjia01h.e16-18Q (1).JPG

Lyon declared dividends of $6,000 on preferred stock and $17,280 on common stock. At the beginning of 2013, 10,000 shares of common stock were outstanding. On May 4, 2013, the company issued 2,000 additional common shares, and on October 19, 2013, it issued a 20% stock dividend on its common stock. The preferred stock is not convertible.

Required:

Compute the 2013 basic earnings per share. If required, round your answer to the nearest cent.$ per share
Show the 2013 income statement disclosure of basic earnings per share. If required, round your answers to the nearest cent.

Income before extraordinary items	$ per share
Extraordinary loss	per share
Net income	$ per share

Reference no: EM131012887

Questions Cloud

At what frequency will resonance oscillations occur : A force F0 cos (ωt) acts on the mass. At what frequency(in hertz) will resonance oscillations occur? Neglect damping.

What are your thoughts about the assertions : What are your thoughts about the assertions made in the opinion piece entitled Gawker and the End of Free Speech? Do you believe that the First Amendment protects online speech, even if that speech is perceived by individuals or groups of individua..

Describe the websites applications or multimedia resources : How do healthcare providers use these resources to enhance their products and services?

Case brief- people''s moujahedin organization of iran vs us : Case Briefs: People's Moujahedin Organization of Iran v. United States Department of State, 613 F.3d 220, (D.C. Cir. 2010)

Lyon company shows the following condensed income statement : Lyon declared dividends of $6,000 on preferred stock and $17,280 on common stock. At the beginning of 2013, 10,000 shares of common stock were outstanding.

Determine the steady periodic solution of the given equation : Determine the steady periodic solution of this equation, and express it in the form x(t) = C cos (ωt - α) where C and ω are positive and α is in the range [0, 2π).

Name the prevailing parties in the trial court proceeding : Name the prevailing parties in the trial court proceeding. Name the trial court. Also name the appellate court. What kind of case is it

Determining the original loan value : A loan is being repaid by monthly installments of $100 at i^(12) = 0.18. If the loan balance after the fourth month is $1200, what is the original loan value?

Find resultant force water exerts on side a and b of tank : The tank is filled with water to a depth of d = 4 m. Determine the resultant force the water exerts on side A and side B of the tank. If oil instead of water is placed in the tank, to what depth d should it reach so that it creates the same result..

User Account

All Pages