Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. tom company had net income of $900,000 for 20x1. 1

Tom Company had net income of $900,000 for 20X1. 100,000 common shares were issued and...

80.2K

Verified Solution

Question

Accounting

Tom Company had net income of $900,000 for 20X1. 100,000 common shares were issued and outstanding on January 1. Preferred dividends declared and paid were $80,000 for 20X1. 120,000 additional common shares were issued on April 1.

What are the earnings per share for 20X1?

  1. $9.00
  2. $4.74
  3. $4.32
  4. $4.09
  5. $3.73

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Trident is a US company that sells goods to crown, a British firm in March for...

Finance
Q

In your dream, you are floating on a raft in the middle of the ocean....

Medical Sciences
Q

Can you think of a time when you conformed with the actions of a group of friends,...

Psychology
Q

7 The combination of two bar magnets makes 5 oscillation second when like poles tied...

Physics
Q

and 2010 Year 2001 2010 1st attempt Part 1 2 points 2001 2010 In the...

Basic Math
Q

110 Researchers investigate the prevalence of a particular infectious disease in countries around the world...

Statistics
Q

Maria Elena is collecting college pennants. She has five fewer pennants from Washington campuses than...

Algebra
Q

Working with suppliers to improve their quality is a Internal failure...

Accounting
Q

Austin Enterprises makes and sells three types of dress shirts. Management is trying to determine...

Accounting
Q

On February 1,2024, Arrow Construction Company entered into a three-year construction contract to build a...

Accounting
Q

Assume markup is based on selling price. Solve for the selling price. (round to nearest...

Accounting
Q

Current Attempt in Progress Joseph and Margaret Garfieid invested $7.200 in a savings account paying...

Accounting