What was the earnings per share of common stock last year

Assignment Help Accounting Basics
Reference no: EM13138704

Krew Kutter's net income was $100,000 last year. The company has 10,000 shares of common stock and 4,000 shares of $200 par value, 6 percent preferred stock outstanding. No change in the number of common or preferred shares outstanding occurred during the year. What was the earnings per share of common stock last year?

Reference no: EM13138704

Questions Cloud

Using a z-test for the population mean : Tthe sample standard deviation is 11 months. We will be using a z-test for the population mean at α = 0.05 to check the manufacturer's claim.
Explain wavelength and frequency the downstream information : Wavelength and Frequency, The downstream information (from the network to the customer) is transmitted at a wavelength of 1550 nanometers and the upstream information
Describe the nature of the sacraments : What are the four marks of the church and how do they function in the church? If you are not Catholic find out how your Church defines the Church and describe the nature of the sacraments? Many churches have catechisms of sorts that describe their..
Fund balances to the changes in net assets : When moving from the changes in fund balances in the Statement of Revenues, Expenditures and Changes in Fund Balances to the changes in net assets in the Statement of Activities, what will be the adjustment?
What was the earnings per share of common stock last year : Krew Kutter's net income was $100,000 last year. The company has 10,000 shares of common stock and 4,000 shares of $200 par value, 6 percent preferred stock outstanding.
Consider a communications channel with a passband : Consider a communications channel with a passband of 3 kHz to 27.4 kHz. A modem will be connected to this communications channel and the modem will operate with a signaling rate that is 0.56 the maximum allowable signaling rate for this communicat..
How many ticket packages will george need to sell : How many ticket packages will George need to sell to break even?
Determine the bayes rule and comment on the role : with loss function L(θ,a)= w(θ)(θ-a)^2, where w(θ) is a fixed weighted function. Determine the Bayes rule and comment on the role of w(θ) in this problem.
Explain next generation transmission system : You are required to determine that this next generation transmission system will require a spectral efficiency of 5 bits/sec per Hertz.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Price variance and quantity variance

Explain why the quantity purchased is used in computing the direct materials price variance, but the actual quantity consumed is used in computing the direct materials quantity variance.

  Total indirect manufacturing costs

Calculate the total indirect manufacturing costs for December from the information given above.

  Prepare pro forma consolidated worksheet

Prepare pro forma consolidated worksheet. Prepare a pro forma consolidation worksheet for Parent, Inc. and its proposed subsidiary as of December 31, 2009.

  Fraudulent financial reporting-specific accounting principle

Describe the areas in which the Adelphia communications engaged in fraudulent financial reporting and the circumstances that led to this. Evaluate the specific accounting principles (GAAP).

  Product-cost cross-subsidization problem

Product-cost cross-subsidization is more likely to occur when:

  Future taxable amount

At the December 31, 2010 balance sheet date, Unruh Corporation reports an accrued receivable for financial reporting purposes but not for tax purposes. When this asset is recovered in 2011, a future taxable amount will occur and

  Prepare a 2011 statement of stockholders equity

The Cleaning Authority provides janitorial services for commercial customers. On December 31, 2010, the credit balance of the Common Stock and Retained Earnings accounts were $12,000 and $5,500, respectively. During 2011, the company issued $4,200..

  Method to amortize bond premium of discount

On june 30, 2012, mackes company issued 5,000,000 face value of 13%, 20 year bonds at $5,376,150, a yield of 12%. Mackes uses the effective-interest method to amortize bond premium of discount. the bonds pay semiannual interest on june 30 and dece..

  Solving rate of return with excel

You have two investment opportunities. One will have a 10% rate of return on an investment of $500; the other will have an 11% rate of return on a principal of $700.

  Is the related lease finance or operating lease

If he sells the pubs abd then leases them back would you expect Lion Nathan to change how it accounts for the depreciation of he building?

  Sale of land on consolidated net income

In 2011, P Company sells land to its 80% owned subsidiary, S Company, at a gain of $50,000. What is the effect of this sale of land on consolidated net income assuming S Company still owns the land at the end of the year?

  Compute the percentage total return

Suppose a stock had an initial price of $83 per share, paid a dividend of $1.40 per share during the year, and had an ending share price of $96.

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