earnings per share presented in the financial statement
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- Papasa Ka Sa Quali Corporation earned P540,000 during the year. The shareholder’s equity is composed of 30,000, P10 par value ordinary shares and 20,000,P30 par value 10% cumulative preference shares throughout the year. The board of directors decided not to declare dividends to help the company recover from the effects of pandemic. How much is the earnings per share presented in the financial statement?NEED ASAP. Solve correctly and show your computations. ABC Corporation earned P540,000 during the year. The shareholder’s equity is composed of 30,000, P10 par value ordinary shares and 20,000,P30 par value 10% cumulative preference shares throughout the year. The board of directors decided not to declare dividends to help the company recover from the effects of pandemic. How much is the earnings per share presented in the financial statement?reebird Inc. had a net income of $394,200 for the year ended September 30, 2020. The company does not have any preferred shares and has 104,000 common shares outstanding for the entire year. During the year, they paid out $48,500 in dividends. Assume the market price of each common share at the company’s year end is $18 per share. Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. a) Calculate earnings per share. Earnings per share = $Answer 3.79 b) Calculate the dividend yield. Dividend Yield = Answer 3.00 % c) Calculate the price earnings ratio. Price Earnings Ratio = Answer 4.75
- The following information relates to the operations of Branded Ltd. The net profit after tax was $1,000,000. The company distributed ordinary dividends of $600,000 to its shareholders. Over the year, weighted average number of ordinary shares were 2,000,000. Ordinary shares are currently selling for $8.00 per share. What is the earning per share for the company? 0.20. 0.33. 0.40. 0.50.On May 1, Republic Corporation purchased 400 shares of stock for P114 per share and held it as FVTPL financial assets. The price decreased to P106 per share on August 1 and then increased to P122 on December 31. During the year, the company received dividends of P3.50 per share. At what amount should the investment be valued in the December 31 balance sheet?A company issues 10,000 shares of its own $10 par value common stock to the public for $19 per share. Later, 1, 000 of these shares are bought for $21 per share as treasury stock. Which of the Losses on the resale of these shares would impact reported net income for the year although gains would not The par value method and the cost method have the same total impact on stockholders equity Because this is a stock transaction, retained earnings cannot be affected by a re - issuance of these shares
- Scream Clean Company provided the following very limited set of data. Use this information to determine net income for the years ending December 31, 20X6, 20X7, 20X8, and 20X9. The company was formed at the beginning of January, 20X6 by issuing $350,000 of capital stock. No additional shares were issued during the 4-year period. The company's 20X9 dividends were equal to 50% of the 20X9 net income. Revenues, 20X7 315,000 Dividends, 20X8 52,500 Total equity, December 31, 20X8 735,000 Total liabilities, December 31, 20X8 770,000 Retained earnings, December 31, 20X6 143,500 Expenses, 20X7154.00 0 Retained earnings, December 31, 20X7 280,000 Dividends, 20X8 35,000 Total assets, December 31, 20X9 1,750,000 Increase in liabilities, 20X9 175,000A corporation has net income of $365,000 for the current year. It paid its required preferred dividend of $17,500 and had no other stock transactions during the year. The average number of common shares outstanding during the year was 69,500. What is the earnings per share?Calgate Company had the following shares outstanding and retained earnings at the end of the current year: Preferred shares, 4% (par value $25; outstanding. 10,000 shares) $250,000 Common shares (outstanding. 30,000 shares) 600,000 Retained earnings 281,000 The board of directors is considering the distribution of a cash dividend to the two groups of shareholders. No dividends were declared during the previous two years. Three independent cases are assumed: Case A: The preferred shares are non-cumulative; the total amount of dividends is $51,000. Case B: The preferred shares are cumulative; the total amount of dividends is $60,000. Case C: Same as case B, except the amount is $96,000. Required: 1. Compute the amount of dividends, in total and per share, that would be payable to each class of shareholders for each case. Show computations. 2. Assume that the company issued a 10 percent common stock dividend on the outstanding common shares when the market value per share was $24.…
- Jamaica Corporation bought 160,000 shares of Love Corporation for 60 each. One month from purchase, Love declared a 2-for-1 stock split down. Jamaica subsequently sold 20,000 shares. During the last month of the reporting period, Love declared 0.80 dividend per share. How much should Jamaica report as dividend income?Sunshine Clothing Company issues 1,000 shares of $1 par value common stock at $30 per share. Later in the year, the company decides to repurchase 100 shares at a cost of $33 per share. Determine the financial statement effects of the repurchase of treasury stock. Note: Amounts to be deducted should be indicated by a minus sign. If there are no effects for a particular transaction/event, select "There are no financial statement effects" in the first account field. Assets Revenues Liabilities Income Statement Expenses Balance Sheet Contributed Capital Net Income Stockholders' Equity Retained Earnings Treasury StockThe following information relates to the operations of Branded Ltd. The net profit after tax was $1,000,000. The company distributed ordinary dividends of $600,000 to its shareholders. Over the year, weighted average number of ordinary shares were 2,000,000. Ordinary shares are currently selling for $8.00 per share. What is the price-earnings ratio of the company? 12 times 20 times 15 times 16 times