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can someone please assist with these questions it would list a publisher Chapter 19-Eamings per Share 76 At December 31, 20x3, QRS had 500 common
can someone please assist with these questions
it would list a publisher
Chapter 19-Eamings per Share 76 At December 31, 20x3, QRS had 500 common shares issued and outstanding, 400 of which had been issued and outstanding throughout the year and 100 of which were issued on October 1, 20x3. Net income for the year ended December 31, 20x3, was $4,288. What should be QRS's 20x3 earnings per common share, rounded to the nearest cent? A) $8.58 ) $9.53 C) $10.09 D) $10.72 Ans: C Difficulty: Medium Level of Learning: Application Topic: LO3 77. firm that earned $20,000 (after tax) had the following securities outstanding all year during which the tax rate was 40%: 20,000 common shares 1,000, 6%, $100 par cumulative nonconvertible preferred shares 2,000, 4%, $50 par cumulative preferred shares, cach share convertible into 5 common shares 100, 8%, $1,000 convertible bonds, each convertible into 10 common shares (bonds were issued at face) What is basic EPS? $ 50 A) B) C) D) $.70 $1.00 $.75 Ans: A Difficulty: Medium Level of Learning: Application Topic: LO3 78. PPO Inc. discloses the following results and information at the end of the current year: $400,000 $100,000 50,000 Earnings Dividends on preferred shares declared and paid Common shares outstanding Jan. 1 The shares were split 4-for-1 August 1 Common dividends declared and paid $200,000 What are BEPPO's oarnings per share for the current year? 31.50 A) $6.00 ) $2.00 C) $8.00 D) Ans: A Difficulty: Medium zzled Step by Step Solution
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