Ott Company had 210,000 ordinary shares outstanding on December 31, 2022. During the year 2023, the company
Question:
Ott Company had 210,000 ordinary shares outstanding on December 31, 2022. During the year 2023, the company issued 8,000 shares on May 1 and retired 14,000 shares on October 31. For the year 2023, Ott Company reported net income of £229,690 after a loss on discontinued operations of £40,600 (net of tax).
Instructions
What earnings per share data should be reported at the bottom of its income statement?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
To calculate earnings per share EPS you first need to determine the number of shares outstanding dur...View the full answer
Answered By
BillClinton Muguai
I have been a tutor for the past 5 years. I have experience working with students in a variety of subject areas, including computer science, math, science, English, and history. I have also worked with students of all ages, from elementary school to college. In addition to my tutoring experience, I have a degree in education from a top university. This has given me a strong foundation in child development and learning theories, which I use to inform my tutoring practices.
I am patient and adaptable, and I work to create a positive and supportive learning environment for my students. I believe that all students have the ability to succeed, and it is my job to help them find and develop their strengths. I am confident in my ability to tutor students and help them achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Question Posted:
Students also viewed these Business questions
-
Ott Company had 210,000 ordinary shares outstanding on December 31, 2010. During the year 2011, the company issued 8,000 shares on May 1 and retired 14,000 shares on October 31. For the year 2011,...
-
Ott Company had 210,000 ordinary shares outstanding on December 31, 2019. During the year 2020, the company issued 8,000 shares on May 1 and retired 14,000 shares on October 31. For the year 2020,...
-
For the current year, a firm reported net income from operations of $20,000 on its income statement and an increase of $30,000 in cash from operations on the statement of cash flows. Explain some...
-
Mr. Lawrence had been the manager at Pleasure Sdn Bhd (PSB) since 1 February 2016. His employment was terminated on 30 April 2021 due to disputes with the directors of PSB. After many appeals,...
-
(a) Show that a polynomial of degree 3 has at most three real roots. (b) Show that a polynomial of degree has at most real roots.
-
Gaber Company currently produces and sells 20,000 units of a telephone per year that has a variable cost of $8 per unit and a fixed cost of $420,000. The company currently earns a $180,000 annual...
-
a) Explain what is meant by working capital cycle and its importance to managers. (5 marks) b) Given the data below, calculate the working capital requirements for next year compared to this year....
-
Suzy Greene earns $20 per hour for up to 300 units of production per day. If she produces more than 300 units per day, she will receive an additional piece rate of $0.5333 per unit. Assume that her...
-
For which histogram can you use the Emperical Rule (68, 95, 99.7)? (assume they are all histograms) Histogram A Histogram A Histogram B Histogram C 1 #2124 Histogram B 97 12 11 D-4 on 114 02 240 500...
-
Discuss the overall purpose people have for investing. Define investment.
-
On January 1, 2022, Bailey Industries had shares outstanding as follows. 6% cumulative preference shares, 100 par value, issued and outstanding 10,000 shares 1,000,000 Ordinary shares 10 par value,...
-
In 2022, Buraka Enterprises issued, at par, 75 1,000, 8% bonds, each convertible into 100 ordinary shares. The liability component of convertible bonds was 950 per bond, based on a market rate of...
-
In Exercises 4655, graph the solution set of each system of inequalities or indicate that the system has no solution. < x ly2
-
Use a t-distribution to find a confidence interval for the difference in means M using the relevant sample results from paired data. Assume the results come from random samples from populations that...
-
Find the transfer function W(s), which is the result of block diagram reduction. k W = ks W = K W3 W4 Ws = W(s) W3(S) k3+ks T3s+k k4 TS+ks O c. a. W(S) = ks Tss+T*8+k k = 1; k2 = 2; k3 = 2; ka = 1;...
-
The concept of art has historically been tied to human creation and expression.However,with the rise of artificial intelligence and technology-assisted art forms,the boundaries are blurring....
-
You're building a real-time collaborative document editing application.Multiple users can edit the same document simultaneously,and changes made by one user should be reflected instantly for everyone...
-
With the rapid advancement of additive manufacturing (3D printing) technologies and the growing demand for lightweight,high-performance materials,how can mechanical engineers design and optimize...
-
Following are selected statement of financial position accounts of Sander Bros. Corp. at December 31, 2019 and 2018, and the increases or decreases in each account from 2018 to 2019. Also presented...
-
Evaluate how many lines there are in a true rotational spectrum of CO molecules whose natural vibration frequency is w = 4.09 1014 s1 and moment of inertia I = 1.44 1039 g cm2.
-
Marcus Inc. has 52,000 common shares outstanding. The shares have an average cost of $21 per share. On July 1, 2011, Marcus reacquired 800 shares at $56 per share and retired them. Prepare the...
-
Roberts Corporation has 50,000 common shares outstanding, with an average value of $8 per share. On August 1, 2012, the company reacquired and cancelled 600 shares at $40 per share. There was...
-
Mortimer Inc. declared a cash dividend of $0.60 per share on its 1.5 million outstanding shares. The dividend was declared on August 1 and is payable on September 9 to all shareholders of record on...
-
Grove Corp. has revenues of $1,590,000 resulting in an operating income of $177,000. Average invested assets total $757,000. If sales increase by 10% and the investment level remains constant, what...
-
Finlon Upholstery, Inc., uses a job-order costing system to accumulate manufacturing costs. The companys work-in-process on December 31, 20x1, consisted of one job (no. 2077), which was carried on...
-
En su primer mes de operacin, Hoffman Company compr 100 unidades de inventario por $6, luego 200 unidades por $7 y finalmente 140 unidades por $8. Al cierre del mes quedaban 180 unidades. La empresa...
Study smarter with the SolutionInn App