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Mekhanik [1.2K]
3 years ago
8

Concord Corporation had 2020 net income of $809,000. During 2020, Concord paid a dividend of $2 per share on 60,500 shares of pr

eferred stock. During 2020, Concord had outstanding 215,000 shares of common stock.
Required:
Compute Concord's 2020 earnings per share.
Business
1 answer:
almond37 [142]3 years ago
4 0

Answer:

$3.2 per share

Explanation:

Earnings per share = Net income - (preferred stock shares × dividend paid] ÷ Outstanding shares of common stock

= [($809,000 - ( 60,500 × $2 per share)] ÷ 215,000

= [$809,000 - ( $121,000)] ÷ 215,000

= $809,000 - $121,000 ÷ 215,000

= $688,000 ÷ 215,000

= $3.2 per share

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Answer:

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a) communication and orders

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3 years ago
Carla Vista Company sells product 2005WSC for $130 per unit. The cost of one unit of 2005WSC is $127, and the replacement cost i
Alexxx [7]

Answer:

Product 2005WSC  should be reported at $127

Explanation:

Using the lower-of-cost-or-market, Carla Vista Company reports its Inventory at the <em>lower of</em> cost and net realizable value at the end of its financial period.

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<u>Net realizable value </u><u>per unit of 2005WSC is :</u>

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Less Estimated Cost to Sell                 ($6.00)

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<u>Conclusion :</u>

Therefore, the lower is Cost at $127

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7 0
3 years ago
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gulaghasi [49]

Answer:

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Explanation:

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<u><em>If the loan generate interest, those interest should be subtracted.</em></u>

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3 years ago
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Answer:

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Answer:

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4 0
3 years ago
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