Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 16, 2024

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

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

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

Authors: Susan V. Crosson, ‎ Belverd E. Needles

11th Edition

0538742801, 978-0538742801

More Books

Students also viewed these Accounting questions

Question

★★★★★

Richmond Sporting Goods, which uses the FIFO method, has the following account balances at August 31, 2012, prior to releasing the financial statements for the year: Richmond has determined that the...

Answered: 1 week ago

Question

★★★★★

Ellis Company issues 6.5%, five-year bonds dated January 1, 2018, with a $250,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $255,333. The annual market...

Answered: 1 week ago

Question

★★★★★

A system has a random number of flaws that we will suppose is Poisson distributed with mean c. Each of these flaws will, independently, cause the system to fail at a random time having distribution...

Answered: 1 week ago

Question

★★★★★

1. Offender is at least 18. 2. Offender is white. 3. Offender is male. 4. Victim is a white female. 5. Victim is either white or female. 6. Victim and offender are from the same age category. 7....

Answered: 1 week ago

Question

★★★★★

MULTIPLE CHOICE In regard to a positive climate for transfer, when trainees experience a sense of pride or achievement when managers signal appreciation for using new skills and behaviors on the job,...

Answered: 1 week ago

Question

★★★★★

H ng.cengageicom r l "r s, MindTap - Cengage Learning ' Rebecca v '::CENGAGE I MINDTAP Q Search this course My Home Problems: Chapter 11 X 1. Individual Problems 11-1 Courses Suppose that the euro is...

Answered: 1 week ago

Question

★★★★★

Assignment question Sam owns a gift shop which sells a range of gifts, cards and jewellery. Sam prides himself on only sourcing and selling handmade items from independent crafts people. He decides...

Answered: 1 week ago

Question

★★★★★

A company pays an annual insurance premium. On 1 September 20X7 it paid $6,000 for the 12 months ended 31 August 20X8. On 1 September 20X8 it paid $7,200 for the 12 months ended 31 August 20X9. 1)...

Answered: 1 week ago

Question

★★★★★

Make an argument as to why Arnold Schwarzenegger's character in the movie would have a good argument for Fraudulent Misrepresentation. TITLE OF VIDEO: Mexican Turbo Man - Jingle All the Way (FIRST...

Answered: 1 week ago

Question

★★★★★

Based on the information given in the figure, determine the necessary power input to the compressor (Win). Yout=26 kJ/kg P = 600 kPa T2=600 K Air m = 0.02 kg/s P = 100 kPa T = 480 K Win = ?

Answered: 1 week ago

Question

★★★★★

Read the article, "This Map Shows the Scale of the 16th- and 17th-Century Scottish Witch Trials" located in the module resources. When reviewing this article, you may consult the map or the text. As...

Answered: 1 week ago

Question

★★★★★

she consons on we company, is currentlyoversecing the project to switch from traditional costing to Activity-Based costing. He is in a meeting with the Cost Accountant of the company. The Controller...

Answered: 1 week ago

Question

★★★★★

6. Bring to mind a situation where you had a strong sense of satisfaction with what you did. Immerse yourself in the situation. i. How do you feel? ii. What do you hear? iii. What do you see?

Answered: 1 week ago

Question

★★★★★

3. Imagine a real event that brought joy to your past. What images, sounds, emo-tions, smells and tastes appear? Try to imagine a movie clip of this incident, as it could unfold if the circumstances...

Answered: 1 week ago

Question

★★★★★

7. Imagine yourself in a future situation that you know you do not thrive in. Try to bring with you that feeling of satisfaction from task 6 in the future uncomfortable situation. a. Highlight three...

Answered: 1 week ago

Previous Question Next Question