Question
I need help understanding on how to get the answers. On October 1, Little Bobby Corporation's stockholders' equity is as follows. Common stock, $6par value$488,400Paid-in
I need help understanding on how to get the answers.
On October 1, Little Bobby Corporation's stockholders' equity is as follows.
Common stock, $6par value$488,400Paid-in capital in excess of parcommon stock24,390Retained earnings157,790Total stockholders' equity$670,580
On October 1, Little Bobby declares and distributes a10% stock dividend when the market price of the stock is $14per share.
(a)
Compute the par value per share (1) before the stock dividend and (2) after the stock dividend. answer $6 and $6.
Par value before the stock dividend$6
Par value after the stock dividend$6
(b)
Indicate the balances in the three stockholders' equity accounts after the stock dividend shares have been distributed.
Common stock$
Paid-in capital in excess of par value$
Retained earnings$
I just need the earning per share??
Exercise 14-14 (Part level Submission)Ringgold Corporation has outstanding at December 31, 2014,48,210shares of $22par value, cumulative,8% preferred stock and200,800shares of $6par value common stock. All shares were outstanding the entire year. During 2014, Ringgold earned total revenues of $2,034,500and incurred total expenses (except income taxes) of $1,126,200. Ringgold's income tax rate is32%.
(a1)
Calculate Ringgold's 2014 net income.
Net Income$
(a2)
Caculate Ringgold's 2014 preferred dividends.(Round answer to 0 decimal places, e.g. 2.25.)
Preferred dividends$
(a3)
Compute Ringgold's 2014 earnings per share.(Round answer to 2 decimal places, e.g. 2.25.)
Earnings per share$
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