On dec 312008 xyz corp had 600000 shares of common stock

Assignment Help Accounting Basics

Reference no: EM13598810

On dec 31.2008 xyz corp had 600000 shares of common stock and 300000 shares of 8% ,noncumulative,nonconvertible prreferd stock issued and outstanding.XYZ issued 4% common stock divident on May 15 and paid dividends of 400000 and 75000 to common and preferred shareholders ,respectively on dec.15.2009On feb 28,2009 xyz sold 60000 common shares.In keeping with its long term share repurchase plan, 2000 shares were retired on July 1. XYZ net income for the year ended Dec ,31,2009 was 2100000. The income tax rate is 40%.Compute XYZ earnings per share for the year ended Dec 31,2009.

Reference no: EM13598810

Questions Cloud

The management of rockos pizzeria is considering a special : the management of rockos pizzeria is considering a special promotion for the last two weeks of october which is

Sandy and john via 12 maple avenue albany ny 12205 are : sandy and john via 12 maple avenue albany ny 12205 are married file a joint federal income tax return and have a

Stine inc had 300000 shares of common stock issued and : stine inc. had 300000 shares of common stock issued and outstanding at december 31 2010. on july 1 2011 an additional

Xz had an installment sales of 1000000 and cost of : xz had an installment sales of 1000000 and cost of installment sales of 700000 in 2010 .a 2010 sale resulted in

On dec 312008 xyz corp had 600000 shares of common stock : on dec 31.2008 xyz corp had 600000 shares of common stock and 300000 shares of 8 noncumulativenonconvertible prreferd

On january 1 2010 metco inc had issued an outstanding : on january 1 2010 metco inc. had issued an outstanding 574600 shares of 2 par value common stock. on march 15 2010

The following information provides the amount of cost : the following information provides the amount of cost incurred in may for the cost items indicated. during may 16000

Sophia sweeny the president of sweeny enterprises is : sophia sweeny the president of sweeny enterprises is considering two investment opportunities. because of limited

Quentin giordano owns a small retail ice cream parlor he is : quentin giordano owns a small retail ice cream parlor. he is considering expanding the business and has identified two

User Account

All Pages