What is the companys Basic EPS

Assignment Help Financial Accounting

Reference no: EM13863723

For the year ended 12/31/2013, a company reported Net Income of $100,000. On 1/1/2013, the company had 20,000 common shares outstanding and 20,000 preferred shares outstanding. The company issued 8,000 common shares on 9/30/2013; thus common shares outstanding were 28,000 for the last three months of 2013. The company paid $4,000 of preferred dividends and $7,000 of common dividends during 2013.

What is the company’s Basic EPS for 2013?

$5.00

$4.05

$4.00

$2.00

$4.36

Reference no: EM13863723

Questions Cloud

How much fixed cost did carla janes and associates incur : Carla Janes and Associates incurred total costs of $10,000 to produce 500 custom mirrors. A total of 550 direct labor hours was required for the production of the mirrors. Direct labor is variable and costs $10 per hour. How much fixed cost did Carla..

Expense recognition : Expense Recognition: Applying U.S GAAP indicate the amount of expenses the firm recognizes during the months of june, july and august in each of the following hypothetical transactions. Pays $180,000 on July 1 for the one year’s rent on a warehouse b..

Applying overhead and activity-based costing : Dane Co. applies manufacturing overhead to jobs based on machine hours used. At the beginning of the year, the company estimated that overhead costs would total $86,000 for the year, and that the machine would run for 4,000 hours during the year. The..

Revenue recognition problem : Tyler Financial Services performs bookkeeping and tax-reporting services to startup companies in the Oconomowoc area. On January 1, 2014, Tyler entered into a 3-year service contract with Walleye Tech. Walleye promises to pay $11,700 at the beginning..

What is the companys Basic EPS : For the year ended 12/31/2013, a company reported Net Income of $100,000. On 1/1/2013, the company had 20,000 common shares outstanding and 20,000 preferred shares outstanding. What is the company’s Basic EPS for 2013?

Revenue recognition-using accrual basis of accounting : Revenue recognition: using the accrual basis of accounting and follows THE U.S GAAP. indicate the amount of revenue the firm recognizes during the months of february, march, and april. Collects $800 cash from a customer during March for custom- made ..

Machine differential cost : Lucena Corporation purchased a machine 7 years ago for $357,000 when it launched product X05K. Unfortunately, this machine has broken down and cannot be repaired. In making the decision to buy the model 280 machine rather than the model 360 machine, ..

What are the advantages and disadvantages of budgeting : Budgets are very important both for planning and control in business. What are the advantages and disadvantages of budgeting.

Variable costing income be greater for the supplier : A supplier of aircraft parts to an aircraft manufacturer has noticed an increase in inventory. As a result of this, will absorption costing or variable costing income be greater for the supplier? Explain why?

User Account

All Pages