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Can anyone tell me how to get these answers? Please! (The first two pictures are for one question.) i The following are some nftlle items
Can anyone tell me how to get these answers? Please! (The first two pictures are for one question.)
i The following are some nftlle items found in the nancial statement ofa company. Accounts payable $30,000 Interest payable 15,000 Service revemie T20,000 Administrative expenses 'Ir'l,000 Common stock 300,000 Insurance expenses 471,000 Unearned revenue 35,000 Land 25,000 Accounts receivable T5 ,000 Prepaid rent: 25,000 Retained earnings 150,000 Equipment 150,000 Note receivable 40,000 Interest expenses 9,000 Accumulated depreciation (50,000} Supplies 50,000 Cash and cash equivalents 100,000 Additional infmmation Weighted average number of shares outstanding Iii Dividends paid during the year $19,DDIJ 1[Jailsatis the eamingspershare? Selected Fnswer: 0 5.024 Current Answer 0 4.?4 i: [I {1}" A company had the following outstanding shares as ofJanuary 1, year 2: J3 Preferred stock, 9W0 par, 5%, cumulative 11,000 shares Co In mon stock. 54 par 55, 00 0 shares On April 1, year 2, the company sold 9,000 shares of previously unissued common stock. No (ividends were in arrears on January 1, year 2, and no dividends were declared or paid during year 2. Net income for year 2 totaled $246,000. What amount are basic earnings per share for the year ended December 31, year 2'? Selected Answer: 0 4.3158 Conect Answer 0 3361-0Step by Step Solution
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