Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2:55 PM Sat Oct 23 74% Welcome to Student Port X Bb ACG3256_Mod3_Assignix Rasmussen WebEx Enter X + c o learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com ... Instructions EPS DIRECTIONS

image text in transcribed

image text in transcribed

2:55 PM Sat Oct 23 74% Welcome to Student Port X Bb ACG3256_Mod3_Assignix Rasmussen WebEx Enter X + c o learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com ... Instructions EPS DIRECTIONS The comparative statements of shareholders' equity for Company A are shown below. They follow the fiscal years ending December 31, 2019, 2020, and 2021. Lising the statements as the guide. compute carningx per share (EPS) as they would have appeared on the income statements for: December 31, 2019 December 11, 2020 December 31, 2021 No potential commun shares were outstanding during any of the periods shown above. COMPANY A Statements of Shareholders' Equity For the Years Ended December 31, 2019, 2020, and 2021 Is in millions ) Preferred Common Additional Stack, $10 Stock. $1 1 Pald-in Retained par | par Capital Earnings 151.25 1,361.25 5,164.5 27.5 1.2925 24.75 222.75 -2.75 Total Share- holders' Equity 6,677 320 247.5 2.75 Balance at Jan. 1, 2019 Sale of preferred shares Sala of common shares, 7/1 Cash dividend, preferred Cash dividend, common Net income Balance at Dec. 31. 2019 7975 5,915.25 797.5 8.995.25 27.5 176 2,876.5 -11 -89 -55 -2.75 -55 -165 -2.75 Retirement of common shares, 411 Cesh dividend, preferred Cash dividend, common 3.for 2 split as common stock dividend 8/12 Net income Balance at Dec 31, 2020 12.5 82.5 1.045 6,847.5 0 1045 9,817.5 27.5 247.5 2,695 272.25 24.75 8.25 247.5 85.25 10% cortiman stack dividend, 5/1 Sale of common shares, 9/1 Cesh dividend, preferred Cash dividend, common Net income Balance at Dec 31, 2021 -55 805 1,133 7,642.25 0 93.5 5.5 -601.5 1.133 10,978 27.5 280.5 3.027.75 3:00 PM Sat Oct 23 74% Welcome to Student Port X Bb ACG3256_Mod3_Assignix Rasmussen WebEx Enter X + o learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com ... Instructions EPS COMPANY A Esmings Per Share IS in millions, except per share amounts) 2019 Nel Preferred Davidad Shares at Jan! New Sharus Yol Year for New Slurus Ad use new share Enrnines per share Fill in the yellow cells only. 2020 Nel cor Preferred Divideods Shares at Jan Retired shares olver lur tired she Admistratured Shares Stock split factor Earnings pur shuru 2021 Nel income Preletal Dividends Shares nt Jan New Shares of Year for New Shares Ad usted new slug Stock dividend factor Earnings per share 2:55 PM Sat Oct 23 74% Welcome to Student Port X Bb ACG3256_Mod3_Assignix Rasmussen WebEx Enter X + c o learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com ... Instructions EPS DIRECTIONS The comparative statements of shareholders' equity for Company A are shown below. They follow the fiscal years ending December 31, 2019, 2020, and 2021. Lising the statements as the guide. compute carningx per share (EPS) as they would have appeared on the income statements for: December 31, 2019 December 11, 2020 December 31, 2021 No potential commun shares were outstanding during any of the periods shown above. COMPANY A Statements of Shareholders' Equity For the Years Ended December 31, 2019, 2020, and 2021 Is in millions ) Preferred Common Additional Stack, $10 Stock. $1 1 Pald-in Retained par | par Capital Earnings 151.25 1,361.25 5,164.5 27.5 1.2925 24.75 222.75 -2.75 Total Share- holders' Equity 6,677 320 247.5 2.75 Balance at Jan. 1, 2019 Sale of preferred shares Sala of common shares, 7/1 Cash dividend, preferred Cash dividend, common Net income Balance at Dec. 31. 2019 7975 5,915.25 797.5 8.995.25 27.5 176 2,876.5 -11 -89 -55 -2.75 -55 -165 -2.75 Retirement of common shares, 411 Cesh dividend, preferred Cash dividend, common 3.for 2 split as common stock dividend 8/12 Net income Balance at Dec 31, 2020 12.5 82.5 1.045 6,847.5 0 1045 9,817.5 27.5 247.5 2,695 272.25 24.75 8.25 247.5 85.25 10% cortiman stack dividend, 5/1 Sale of common shares, 9/1 Cesh dividend, preferred Cash dividend, common Net income Balance at Dec 31, 2021 -55 805 1,133 7,642.25 0 93.5 5.5 -601.5 1.133 10,978 27.5 280.5 3.027.75 3:00 PM Sat Oct 23 74% Welcome to Student Port X Bb ACG3256_Mod3_Assignix Rasmussen WebEx Enter X + o learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com ... Instructions EPS COMPANY A Esmings Per Share IS in millions, except per share amounts) 2019 Nel Preferred Davidad Shares at Jan! New Sharus Yol Year for New Slurus Ad use new share Enrnines per share Fill in the yellow cells only. 2020 Nel cor Preferred Divideods Shares at Jan Retired shares olver lur tired she Admistratured Shares Stock split factor Earnings pur shuru 2021 Nel income Preletal Dividends Shares nt Jan New Shares of Year for New Shares Ad usted new slug Stock dividend factor Earnings per share

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost management a strategic approach

Authors: Edward J. Blocher, David E. Stout, Gary Cokins

5th edition

73526940, 978-0073526942

More Books

Students also viewed these Accounting questions