Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3 of 8 View Policies Current Attempt in Progress -/1 B On January 1, 2020. Oriole Ltd. had 702.000 common shares outstanding During 2020, it

3 of 8 View Policies Current Attempt in Progress -/1 B On January 1, 2020. Oriole Ltd. had 702.000 common shares outstanding During 2020, it had the following transactions that affected the common share account Feb. 1 Issued 152,000 shares Mar 1 Issued a 14% stock dividend May 1 Acquired 177,000 common shares and retired them June 1 Issued a 2-for-1 stock split Oct 1 Issued 50.000 shures The company's year end in December 31 Determine the weighted average number of shares outstanding as at December 31, 2020. (Round answer to O decimal places, es 5.2753 Weighted average number of shares outstanding shares ZILMI Question 3 of 8 -/1 Assume that Oriole earned net income of $3.876.000 during 2020. In addition, it had 100,000 of 7%, $100 par, non-convertible. non-cumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2020. Calculate earnings per share for 2020, using the weighted average number of shares determined above. (Round answer to 2 decimal places, eg 15.25) Earnings per share i $ O type here to search eTextbook and Media Assume that Oriole earned net income of $3,876.000 during 2020. In addition, it had 100.000 of 7%, $100 par, non-convertible cumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2020. Calculate earnings per share for 2020, using the weighted average number of shares determined above. (Round answer to 2 decimal places, eg. 15.25) Earnings per share $ O D L O oc Snow Question 3 of 8 -/1 Assume that Oriole earned net income of $3,876,000 during 2020 In addition, it had 100,000 of 7% $100 par, non-convertible, non-cumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2020. Assume that net income included a loss from discontinued operations of $485,000, net of applicable income taxes. Calculate earnings per share for 2020. (Round answers to 2 decimal places, eg. 15.25) Earnings per share $ Income from continuing operations Loss from discontinued operations $ Net income $ eTextbook and Media

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

Accounting In A Business Context Teachers Guide

Authors: A. Berry

1st Edition

0412587505, 978-0412587504

More Books

Students also viewed these Accounting questions