What the company earnings per share, Accounting Basics

+44 141 628 6080
[email protected]

What the company earnings per share

Shamrock Company had net income of $30,000. On January 1, the number of shares of common stock outstanding were 8,000. On April 1, the company issued an additional 2,000 shares of common stock. There were no other stock transactions. The company's earnings per share is?I must not be calculating the weighted-average common shares outstanding correctly because I keep coming up with $3.21, which is not one of the multiple choice answers provided.Can you tell me what the company's earnings per share is?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What the company earnings per share

Reference No:- TGS0708691

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : How to explain the physical-measure method

Elsie Dairy Products Corp. buys one input, full-cream milk, and refines it in a churning process. From each gallon of milk Elsie produces three cups of butter and nine cups of buttermilk.

Q : Management substitute the armadillo car

Home Auto Parts is a large retail auto parts store selling the full range of auto parts and supplies for do-it-yourself auto repair enthusiasts. The store is arranged with three prime displays in the store.

Q : Discuss the prepaid expenses and accounts payable

Balances of accounts receivable, prepaid expenses, and accounts payable at the end of the year are not expected to differ significantly from the beginning balances.

Q : Determine how much should the bond discount be reduced

On June 30, 2006, Mabry Corporation issued $5 million of its 8% bonds for $4.6 million. The bonds were priced to yield 10% (i.e., market rate). The bonds are dated June 30, 2006, and mature on June 30, 2013.

Q : What the company earnings per share

Shamrock Company had net income of $30,000. On January 1, the number of shares of common stock outstanding were 8,000. On April 1, the company issued an additional 2,000.

Q : Determine the total deduction for the stolen items on jacob

Jacob is an employee and used the computer 100% of the time in his employment. Although his homeowner's insurance policy paid Jacob $7,000 for the stolen computer, Jacob's employer did not reimburse Jacob for any of the remainder of his loss.

Q : What is the inventory balance on dell

What is the inventory balance on Dell's January 28, 2005 balance sheet? Why the inventory balance is so small compared to the other current asset balances?

Q : Why the number of options granted to each executive

Based on past trends, on the grant date, James predicts that its market share will increase about 3% by the end of 2015. At the end 0f 2014, due to its improved market position over the previous 2 years, James revises this estimate of 7%.

Q : Cost of the land that should be recorded by wilson

Wilson Co. purchased land as a factory site for $600,000. Wilson paid $60,000 to tear down two buildings on the land. Salvage was sold for $5,400. Legal fees of $3,480 were paid for title investigation and making the purchase.

1935665

Questions
Asked

3,689

Active Tutors

1451165

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What the company earnings per share

Reference No:- TGS0708691

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : How to explain the physical-measure method

Q : Management substitute the armadillo car

Q : Discuss the prepaid expenses and accounts payable

Q : Determine how much should the bond discount be reduced

Q : What the company earnings per share

Q : Determine the total deduction for the stolen items on jacob

Q : What is the inventory balance on dell

Q : Why the number of options granted to each executive

Q : Cost of the land that should be recorded by wilson

How does instagram shape the ways we see our bodies

Determining whether male college students

Defining characteristic of permissive-indulgent parents

Introduce the instrument you are focusing on

What helps to be more professional

Discuss use of electronic devices like social media

Searching for articles relating to young people

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What the company earnings per share

Reference No:- TGS0708691

Recent Questions Asked Accounting Basics

Q : How to explain the physical-measure method

Q : Management substitute the armadillo car

Q : Discuss the prepaid expenses and accounts payable

Q : Determine how much should the bond discount be reduced

Q : What the company earnings per share

Q : Determine the total deduction for the stolen items on jacob

Q : What is the inventory balance on dell

Q : Why the number of options granted to each executive

Q : Cost of the land that should be recorded by wilson

Asked Questions