1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tatiana [17]
4 years ago
12

On January 30, 2019, prior to the issuance of its financial statements for the year ended December 31, 2018, Crane declared a 10

0% stock dividend on its common stock. Net income for 2018 was $1130000. In its 2018 financial statements, Crane's 2018 earnings per common share should be: (rounded to the nearest penny)
Business
1 answer:
Sati [7]4 years ago
4 0

Answer:

See below.

Explanation:

Assuming an initial outstanding common shares of 100,000

100% stock dividend means that another 100,000 shares have been issued,

Total outstanding shares then are = 100,000+100,000 = 200,000

Earnings per share = Net Income / Total shares

EPS = 1,130,000 / 200,000

EPS = $5.65/share

You can compute this by inputting any number of shares and increasing the total number by a 100%.

Hope that helps.

You might be interested in
Consider a large number of countries around the world. There is a positive correlation between the number of cell phones per per
Elena-2011 [213]

Answer:

Option B is correct one.

Explanation:

No, the positive correlation just shows that richer countries have both more nintendos and higher life expectancies it makes no sense to calculate correlation between these two variables.

5 0
3 years ago
The entry to accrue a contingent liability reduces equity but not income. is made if it is more likely than not that the liabili
Lorico [155]

Answer:

is made if it is more likely than not that the liability has been incurred.

Explanation:

When contingent liability is recorded it is recorded by debiting income statement and creating a liability in balance sheet, also it is not accounted for until the amount of liability is pretty certain as without being clear about its occurrence and the amount involved the liability cannot be recorded.

There is no such loss account, there exists only income statement.

Therefore, with the above we can conclude that contingent liability is recorded only if:

is made if it is more likely than not that the liability has been incurred.

3 0
4 years ago
Mechem Corporation produces and sells a single product. In April, the company sold 2,000 units. Its total sales were $151,000, i
Aleks04 [339]

Answer:

See below

Explanation:

Sales

$151,000

Less:

Variable cost

($79,700)

Contribution margin

$71,300

Less:

Fixed cost

($56,600)

Ney profit

6 0
3 years ago
The Equal Credit Opportunity Act and the Real Estate Settlement Procedures Act, which affect how the real estate business is tra
Mrac [35]

Answer:

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act)

5 0
4 years ago
Charles wants to survey recent customers about the quality of service they received at his small auto service dealership. He has
sergey [27]

Answer:

fast responses at a lower cost

Explanation:

Based on the information provided it can be said that Charles will likely use an online survey primarily because it offers fast responses at a lower cost. This is because the customers receive this in their mail and/or e-mail, and are easily able to fill it out in a couple of minutes. If Charles send's the survey through mail it will be one of the cheapest options other than e-mail which is completely free.

3 0
4 years ago
Other questions:
  • In a _____ economy, individuals and firms own most resources, and in a _____ economy, the government controls most resources. pl
    15·1 answer
  • Return on Assets is a valuable financial measurement because it indicates how profit margin, asset turnover, and the equity mult
    14·1 answer
  • When handling faxed records,
    7·1 answer
  • A manufacturer of brand A jeans has daily production costs of Upper C equals 0.3 x squared minus 120 x plus 12 comma 585​, where
    14·2 answers
  • Comdex Inc. manufactures parts for the telecom industry. One of its products that currently sells for $210 is now facing a new c
    9·1 answer
  • Which of the following statements is correct? a. Gasoline taxes are an example of an EPA regulation. b. Gasoline taxes are highe
    12·1 answer
  • Which situation would result in a credit card issuer charging a late-payment fee?
    12·1 answer
  • A promise by derkin restaurants to buy all of the product it needs this next year at an established price form elfredo's produce
    14·1 answer
  • Which of the following is a reason franchising has become popular in recent years? A) Franchise owners are free to set their own
    10·1 answer
  • You are a network administrator for your company. A user calls and tells you that after stepping on the network cable in her off
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!