What should be ABC earnings per share

Assignment Help Accounting Basics
Reference no: EM132995874

Problem - At December 31, 2020, ABC Company had 1,000,000 ordinary shares issued and outstanding, 800,000 of which had been issued and outstanding throughout the year and 200,000 of which were issued on July 1, 2020. Net income for the year ended December 31, 2019, was $2,040,000. What should be ABC's 2020 earnings per share?

Reference no: EM132995874

Questions Cloud

Which of elements of financial statements is not a component : Which of the elements of financial statements is not a component of comprehensive income? When discussing financial accounting information?
What are the six functions of accounting : What are the six functions of accounting? Define, compare, and contrast sole proprietorships, partnerships, and corporations
Which is not a basic element of financial statements : The elements of financial statements include investments by owners. These are increases in an entity's net assets resulting from owners'
Compute service revenue and operating expenses : Compute service revenue and operating expenses. Marin Company had cash receipts from customers in 2020 of $ 122,620. Cash payments for operating expenses
What should be ABC earnings per share : Net income for the year ended December 31, 2019, was $2,040,000. What should be ABC's 2020 earnings per share
What accounting concept justifies the usage of accruals : What accounting concept justifies the usage of accruals and deferrals? Which of the following is a time when revenue may be recognized?
Showing the depreciation provision for the year : On 1 September 20X7 Machine B Cost 4,000 On 1 May 20X8 Machine C Cost 3,000. Showing the depreciation provision for the year 20X8
Which means the process of converting noncash resources : Which of the following, in the most precise sense, means the process of converting noncash resources and rights into cash or claims to cash?
Which accountants produce financial statements at arbitrary : During the lifetime of an entity, accountants produce financial statements at arbitrary points in time in accordance with which basic accounting concept?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

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