What is the weighted average ordinary shares in computing for EPS?

Q: Analyze the following: I – When a component of an entity was discontinued during the current year,…

A: Any loss on discontinued operation would be accounted in a single entry separately in the financial…

Q: John and Saah met at law school and decide to start a small law practice after graduation. They…

A: There are several legal forms from which a business can select as the form it wants to take for…

Q: Calculate the value of ding system. Ending inventory Cost of goods sold $ $

A: FIFO It is the method where we assume that the goods which were purchased earlier will be sold…

Q: F Enterprises is evaluating whether to do a either a restricted or relaxed investment policy on…

A: The Return on Equity is calculated with the help of following formula  Return on Equity = Net Income…

Q: Which of the following statements describes the statement of cash flows? Group of answer choices…

A: Statement of Cash Flow - This statement includes movement of cash during financial year. Such…

Q: Financial accounting is the primary source of information needed for decisio making, planning, and…

A: Note: As per our guidelines, we will answer the first question for you.   Q1. The income statement…

Q: An investor buys a five-year, 7.5% annual coupon bond priced to yield 5%. The investor plans to sell…

A: Macaulay duration=∑Present Value of Time-Weighted Cash Flows∑Present Value of Cash Flows

Q: Piechocki Corporation manufactures and sells a single product. The company uses units as the measure…

A: INTRODUCTION: Revenue is the amount of money received by a firm by selling items and/or delivering…

Q: 1. What is not a cloud computing benefit? a) Accessibility improvement b) Safer storge c) A and B d)…

A: Increased cost is a disadvantage of incorporating cloud computing, hence cannot be considered as an…

Q: Data relating to the shareholders’ equity of ABC Co. during December 31 are as follows: 8%…

A: Preference dividend will be added to preference share capital. Cumulative Preference Shares :…

Q: On January 1, 2010, Gallant Company entered into a lease agreement with Blacksheep Company for a…

A: Calculation of Present Value of minimum lease payments: Payment Date Year Lease Payment Discount…

Q: Jaflin Garza's regular hourly wage rate is $34, and she receives a wage of 1½ times the regular…

A: Given information, Hourly wage rate =$34 Total hours worked=43 hours   (1) Gross earnings:…

Q: A cement company produces preformed concrete blocks that requires three (3) hours of machine time.…

A: According to the given information, we are required to compute the return per factory hour, the cost…

Q: China Airlines Inc., a resident foreign corporation, has the following data for the taxable year…

A: The income tax payable by the resident foreign individual or corporation on the flights being cargo…

Q: Assume Ikeo Inc. sold $80,000 of gift cards during the last two weeks of December 2020. No gift…

A: Journal entries are the primary reporting of the daily transactions in the books of accounts. It is…

Q: Urban Window Company had gross wages of $370,000 during the week ended July 15. The amount of wages…

A: Journal Entry :- The purpose of preparing the journal entry to segregate the transaction which are…

Q: Aaron and Liz are married for 8 years and have the following income items as follows:  Aaron's…

A: Here discuss about the details of the income allocation between the couple who has opted for the…

Q: The following financial statements and additional information are reported. At June 30 Assets Cash…

A: The cash flow on total assets ratio is calculated as cash flow from operating activities divided by…

Q: Required information [The following information applies to the questions displayed below.] Hemming…

A: Available goods Units Cost per Unit Sale from Units Ending Inventory from Cost per Unit Jan 01…

Q: A three year bond has 8.1% compound rate and face value of P1000.  If the yield to maturity on the…

A: Bonds are the securities issued by an entity for raising funds. The payment of these is an…

Q: S The following balances were extracted from the books of Zee Zee Trading, a retailer, on 30…

A: The statement of financial position and financial performance depicts the state of affairs and…

Q: Minstrel Manufacturing uses a job order costing system. During the month, Minstrel purchased…

A: Total manufacturing costs comprises of  direct material,  direct labour and manufacturing overheads.…

Q: A company reports earnings per share on common stock of $2.00 when the market price of per share of…

A: The price earning ratio, also known as P/E ratio or PER is the ratio of a company. Share price to…

Q: On June 10, Cullumber Company purchased $7,300 of merchandise from Oriole Company, terms 3/10, n/30.…

A: A journal entry is a form of accounting entry that is used to report a business transaction in a…

Q: 1. How much overhead cost would be assigned to Product J00A using the company's activity-based…

A: Activity-Based Costing An organization's activities can be identified using the activity-based…

Q: Len Kumar started his own consulting firm, Kumar Consulting, on June 1, 2017. The trial balance at…

A: In the context of the given question, we are required to prepare the ledger in the books of Kumar…

Q: .Norte De University, a proprietary educational institution, has the following selected information…

A: Given that, Quarterly income tax payments = P48,000  Miscellaneous fees = P1,800,000  Tuition fees =…

Q: Q4: Company XYZ has a choice of two machines to purchase. They both make the same product which…

A: INTRODUCTION: The break-even point is the point at which the firm's entire cost equals total income.…

Q: Explain the relationship between the: -Cash Flow Statement and Balance Sheet;and -Income Statement…

A: Financial statements includes  1) income statement 2) Balance sheet 3) cash flow statement  They…

Q: At what amount will Mills report its investment in the December 31, 2021, balance sheet?

A: Premium on Bond's :— It implies that Face Value of Bond is Less than Carrying Value Or Market Value…

Q: how arrived Purchase of fixed assets                        (10,20,000)

A: Introduction: Fixed assets are long term assets of the organization which are used in the business,…

Q: On an annual renewable lease, the semi-annual lease payment on office space is $7,500 payable at the…

A:

Q: Which one(s) is/are true for RRSP? (There might be more than one answer).   Question 1 options:…

A: Answer:- Meaning of RRSP:- A registered retirement savings plan (RRSP) is a kind of retirement…

Q: The following annual account balances are from Armour Sports at December 31. Year 1 $ 34,850 362,239…

A: INTRODUCTION: Net sales are a company's revenue after all deductions have been made. When analyzing…

Q: PROBLEM 23-4 Issuance of Treasury Shares On February 14, 2021 Karen Inc. exchanged 2,000 shares of…

A: Treasury Stock- A corporation records the repurchased stock as treasury stock when it buys back its…

Q: 1. Pioneer College, a private educational institution, has presented the following data for the…

A: Introduction: Private educational institutions, whether stock or non-stock, must pay a 10% tax on…

Q: Using the following information: 1. The bank statement balance is $3,322. 2. The cash account…

A: The management prepares a bank reconciliation statement to match the company's cash balance with the…

Q: Statement 1: Goal congruence will more likely occur if management can establish the performance…

A: The performance measurement of the managers is very important for the company because it needs to…

Q: Equipment was acquired at the beginning of the year at a cost of $75,720. The equipment was…

A: Introduction: A record is often kept in the general ledger, but it can also be kept in a single…

Q: Chavez Company most recently reconciled its bank statement and book balances of cash on August 31…

A: A bank reconciliation statement aligns an organization's bank account with its financial documents…

Q: A theoretical measure does of income does not exist in the real world in which accountant must…

A: The theoretically correct measure of the income refers to the firm net income which determined on…

Q: Required information Trey Monson starts a merchandising business on December 1 and enters into the…

A: Inventory valuation method includes: FIFO Method LIFO Method Weighted average method FIFO Method-…

Q: "Market" is defined in the "Lower-of-cost-or-market" rule required to account for FIFO inventory as:…

A: Inventory- Inventory describes the things that a business keeps on hand in order to make money. Both…

Q: Chavez Company most recently reconciled its bank statement and book balances of cash on August 31…

A: INTRODUCTION: Reconciliation is an accounting procedure that analyses two sets of records to ensure…

Q: The Cohan rule has to do with: 1) Tax accounting methods 2) Debts of another taxpayer 3)…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: hy is fraud prevention so important?

A: Fraud in auditing refers to the illegal manipulation or wrong altered information reported in the…

Q: Reagan Company uses leases as a method of selling its products.  In early 2009, Reagan completed…

A: Introduction: leases: In consideration for something, generally cash and other assets, the owner of…

Q: Leases On January 1, Spider, Inc., entered into two lease contracts. The first lease contract was a…

A: The lease in the books of the lessee is initially recognized by recognizing the right-of-use asset…

Q: This year Evans graduated from college and took a job as a deliveryman in the city Evans was paid a…

A: The Internal Revenue Service [IRS] is the taxation authority in the USA. As per…

Q: O'Reully,Ltd,had the following transactions during the month of July: 1.Sold merchandise for…

A: Cash flows from operating activities: It is a section of the Statement of cash flow that explains…

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.