Caprice Corporation was organized on January 1 and issued 500,000 shares of common stock on that date. On July 1, an additional 200,000 shares were issued for cash. Net income for the year was $1,440,000. Net earnings per share amounted to
A: $2.88.
B: $2.50.
C: $2.06.
D: $2.40.
A: $2.88.
B: $2.50.
C: $2.06.
D: $2.40.
举一反三
- Guanghai Co. was organized on January 1, 2012 and issued 200 000 shares of common stock on that date. On July 1, an additional 100 000 shares were issued for cash. Net income for the year was 600 000 yuan. Net earnings per share amounted to A: 3.00 yuan. B: 2.50 yuan. C: 2.40 yuan. D: 2.00 yuan.
- Company A’s net profit last year was 2.5 million ￥, 1 million shares of common shares in circulation, 500,000 shares of preferred shares, and a dividend of 1 ￥ per share. If the price of common stock A: 15 B: 12 C: 18 D: 22
- A company issued 20,000 shares of its $1 par value ordinary stock for cash. The price is $10 per share. The entry to record this transaction would be: A: Debit Cash $200,000; credit Ordinary Stock $20,000; credit Share Premium, Ordinary Stock $180,000. B: Debit Cash for $200,000; credit Ordinary Stock $200,000 C: Debit Ordinary Stock $20,000; debit Share Premium, Ordinary Stock $180,000; credit Cash $200,000. D: Debit Ordinary Stock $20,000; credit Cash $20,000.
- If 10,000 shares with par value of $15/share are issued for $20/share, how much will be presented as "common shares" for financial statement purposes? A: $10,000 B: $50,000 C: $150,000 D: $200,000
- Which ONE of the following statements is correct? A: EPS= (Net income - Preferred dividends) / weighted average number of common shares outstanding B: EPS= Net income / weighted average number of common shares outstanding C: EPS= (Net income - Preferred dividends) / ending number of common shares D: EPS= (Net income - common dividends) / weighted average number of preferred shares outstanding