Exercise 4-13 At December 31, 2013, Shiga Naoya Corporation had the following st

Question

Exercise 4-13

At December 31, 2013, Shiga Naoya Corporation had the following stock outstanding.

During 2014, Shiga Naoya did not issue any additional common stock. The following also occurred during 2014.

Compute earnings per share data as it should appear in the 2014 income statement of Shiga Naoya Corporation. (Round answers to 2 decimal places, e.g. 1.48. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Your answer is partially correct. Try again.

Explanation / Answer

Earning Available to Common Stockholders/ Weighted Average No. of Outstanding Coomon Stock

Earning Per Share =

Earning Available to Common Stockholders/ Weighted Average No. of Outstanding Coomon Stock

= 16972050/4049000 =    $ 4 Schedule of Net Income Available to Common Stockholders Particulars Amount ($) Income from Continued Operation         2,43,75,000 Add: Income from Discontinued Operation            34,08,000 Total Income for the Year         2,77,83,000 Less: Tax on Total Income @ 35%            97,24,050 Net Income After Tax         1,80,58,950 Less: Dividend On Preference Share            10,86,900 Earning Available for Common Stockholders         1,69,72,050

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.