Shares of common stock issued and outstanding

Assignment Help Financial Accounting

Reference no: EM13795318

Didde Co. had 300,000 shares of common stock issued and outstanding at December 31, 2014. No common stock was issued during 2015. On January 1, 2015, Didde issued 200,000 shares of nonconvertible preferred stock. During 2015, Didde declared and paid $75,000 cash dividends on the common stock and $60,000 on the preferred stock. Net income for the year ended December 31, 2015 was $465,000. What should be Didde's 2015 earnings per common share?

a. $1.55

b. $1.35

c. $1.30

d. $1.10

Reference no: EM13795318

Questions Cloud

Investment in an active trading account for immediate resale : On December 29, Adams Apples purchased 1,000 shares of General Electric common stock for $19,000 and placed in investment in an active trading account for immediate resale. On December 31, the market value of the stock is $20 per share. What is the a..

Determine waggoners maximum depreciation deduction : Waggoner would like to take the maximum depreciation deduction possible. Determine Waggoner’s maximum depreciation deduction for 2015.

Common stock increased-retained earnings decreased : Ivan's, Inc. paid $468 in dividends and $579 in interest this past year. Common stock increased by $189 and retained earnings decreased by $115. What is the net income for the year?

Par value cumulative preferred stock outstanding : At December 31, 2015 and 2014, Miley Corp. had 180,000 shares of common stock and 10,000 shares of 6%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2015 or 2014. Net inco..

Shares of common stock issued and outstanding : Didde Co. had 300,000 shares of common stock issued and outstanding at December 31, 2014. No common stock was issued during 2015. On January 1, 2015, Didde issued 200,000 shares of nonconvertible preferred stock. During 2015, Didde declared and paid ..

Decision to eliminate an unprofitable segment : Which of the following is irrelevant to the decision to eliminate an unprofitable segment?

An adjustment to record the investment at fair value : Fickle Financial buys and sells securities, expecting to earn profits on short-term differences in price. On December 28, Fickle purchased Microsoft common shares for $485,000. On December 31, the shares had a fair value of $483,000. Record the initi..

Sale of the investment in western wear clothing : On September 1, Leather Supplies, Inc., purchases 150 shares of Western Wear Clothing for $13 per share. On November 1, Leather Supplies sells the investment for $17 per share. Record the transactions made by Leather Suppliers for the purchase and sa..

University level will help combat unethical decision : Do you think ethical training at the university level will help combat unethical decision making in corporate America? Why? Are there any other professions you think should be held to a higher standard that are not currently held to that standard

User Account

All Pages