User Account

All Pages

What is the appropriate number of shares

Assignment Help Accounting Basics
Reference no: EM131736983

Question - On December 31, 2015, Chronos Company had 300,000 shares of common stock issued and outstanding. Chronos issued a 5% stock dividend on June 30, 2016. On September 30, 2016, 40,000 shares of common stock were reacquired as treasury stock. What is the appropriate number of shares to be used in the basic earnings per share computation for 2016?

315,000.

307,500.

305,000.

Reference no: EM131736983

Questions Cloud

Analyze the actions of the fed in regard to the three tools : Analyze the actions of the Fed in regard to the three tools. When the required reserve ratio is increased or decreased.
Define develop simultaneously mutually reinforcing : In Colonial Virginia, did racism precede slavery or did slavery precede racism or did both develop simultaneously mutually reinforcing each other
Compare and contrast endings of fences and prometheus bound : Compare and contrast the endings of Fences and Prometheus Bound and explain why the differences matter. For example, you might compare the Chorus with Bono.
What is the basic earnings per share : The company reported net income in the amount of $269,915 for 2016. What is the basic earnings per share (rounded)
What is the appropriate number of shares : What is the appropriate number of shares to be used in the basic earnings per share computation for 2016
Discuss changing role of hr management in response : changing role of HR management in response to trends in globalization, technology, diversity, e-business, and ethics
Explore the formation and function of both organizations : The question for this assignment is to 1) explore the formation and function of both organizations, 2) assess the achievements of both groups.
Social and clinical issues in the elderly population : exploring the social and clinical issues facing the elderly population, along with common human service
What is the company margin of safety for the year : ABC Passenger Service Airlines has determined the breakeven point, both in dollars and passengers, What is the company's margin of safety for the year

Reviews

Write a Review

Accounting Basics Questions & Answers

  Gross sales total 250000 one-half of which were credit

gross sales total 250000 one-half of which were credit sales. sales returns and allowances of 15000 apply to the credit

  Sue jaski supervisor of the karaki corporations machining

sue jaski supervisor of the karaki corporations machining department was visibly upset after being reprimanded for her

  Madison companys variable costs are 25 of sales its

madison companys variable costs are 25 of sales. its selling price is 150 per unit. if weed sells one unit more than

  On december 15 2013 rigsby sales co sold a tract of land

on december 15 2013 rigsby sales co. sold a tract of land that cost 3600000 for 5000000. rigsby appropriately uses the

  Acquisition costs of realty the expenditures

Identify each item by letter and list the items in columnar form, using the headings. All receipt amounts should be reported in parentheses. For any amounts entered in the Other Accounts column also indicate the accounttitle.

  A company invests in debt and equity securities

Companies must apply the proper accounting methods and procedures with respect to investments in debt and equity securities.

  Short run and long run equilibrium in fishing rod market

How would you predict that the short-run equilibrium that you have identified in question 1 will change? Illustrate your answer using appropriate diagrams. What will be the long-run equilibrium number of fishing rod manufacturers?

  Evaluate management incentives to choose fifo

How are accounting numbers used to monitor this agency contract between owners and managers?

  Find evidence of unrecorded sales

What computer-based files might auditors examine to find evidence of unrecorded sales? Of inadequate credit checks? Of incorrect product unit prices?

  On december 31 2013 ramon corp has 500000 oustanding common

on december 31 2013 ramon corp has 500000 oustanding common shares and 62000 shares of 100 par value 6 cumulative

  Assume that you are a manager and you have three potential

assume that you are a manager and you have three potential capital investment projects to choose from. funds are

  Wood-mode company is involved in the design manufacture and

wood-mode company is involved in the design manufacture and installation of various types of wood products for large

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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