FREE Trial S
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

When calculating Basic EPS for 2016, it says the Company sold 50,000 of its treasury stock on October 31, 2016. When I do the calculation,

When calculating Basic EPS for 2016, it says the Company sold 50,000 of its treasury stock on October 31, 2016. When I do the calculation, I get a decimal, 50,000 * (2/12) = 8.333. That doesn't look right, please help?

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

Managerial Accounting

Managerial Accounting

Authors: Susan V. Crosson, ‎ Belverd E. Needles

11th Edition

ISBN: 0538742801, 978-0538742801

More Books

Students also viewed these Accounting questions

Question

★★★★★
Lakeland Bank & Trust Company lent $110,000 to Samantha Michael on a 90-day, 9% note. Requirement 1. Journalize the following transactions for the bank (explanations are not required): a. Lending the...

Answered: 1 week ago

Question

★★★★★
Following is a partially completed balance sheet for Epsico Inc. at December 31, 2019, together with comparative data for the year ended December 31, 2018. From the statement of cash flows for the...

Answered: 1 week ago

Question

★★★★★
How could you help these students retain and retrieve the necessary information?

Answered: 1 week ago

Question

★★★★★
In 2011, Borland Semiconductors entered into the transactions described below. In 2008, Borland had issued 170 million shares of its $1 par common stock at $34 per share. Required: Assuming that...

Answered: 1 week ago

Question

★★★★★
Question 2 (7 marks) An item of depreciable machinery is acquired on 1 July 2015 for $280 000. It is expected to have a useful life of 10 years and a zero-residual value (straight-line). On 1 July...

Answered: 1 week ago

Question

★★★★★
How to calculate cost of good sold and Selling and G&A Expenses for Pro Forma Income Statement 2020 2019 2018 Sales $4,407,500 $3,946,250 $3,517,800 Cost of Goods Sold $3,331,250 $2,935,600 Gross...

Answered: 1 week ago

Question

★★★★★
JONES MARKETING Trial Balance December 31, 2015 Unadjusted Adjusted DR CR DR CR Cash $ 8,000 $ 8,000 Accounts Receivable 21,000 23,500 Allowance for Doubtful Accounts 300 Supplies 10,400 3,400...

Answered: 1 week ago

Question

★★★★★
In "The New Momism," Susan Douglas and Meredith Michaels chart a "set of ideals, norms, and practices" that have emerged and gained in strength since the 1980s. Propagated in large part by mainstream...

Answered: 1 week ago

Question

★★★★★
getBarbrood ustuprates of bloq mont triog rose heyro 11. Eliminate the parameter from the parametric equations - x(t)=t 1, y(t) = log(2t). (OS)=(S)

Answered: 1 week ago

Question

★★★★★
6. What resources are available to the front office manager? Rank the importance of these resources in providing service to guests and supervising employees. 7. How does the front office manager...

Answered: 1 week ago

Question

★★★★★
Choose a local or international organisation with which you are familiar. All of your answers must be based on this organisation. You must be able to easily obtain the required background information...

Answered: 1 week ago

Question

★★★★★
Paul, Sarker, and Essam (2016) identified four types of supply chain disruption risks. Based on course readings and your experience, in 3/4 paragraphs, address the following: Which are the greatest...

Answered: 1 week ago

Question

★★★★★
Use models in answering each required. When Molly Lai purchased the Clean Clothes Corner Laundry, she thought that because it was in a good location near several high-income neighborhoods, she would...

Answered: 1 week ago

Question

★★★★★
7. One or other combination of 16.

Answered: 1 week ago

Question

★★★★★
1. Discuss the following statements: a) Mastery is not the same as understanding. b) Being bigger than is not the same as being the thing that is bigger. c) The difference between order and disorder...

Answered: 1 week ago

Question

★★★★★
5. It is the needs of the individual that are important.

Answered: 1 week ago

Previous QuestionNext Question