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PIT_PIT [208]
3 years ago
5

The following information is available for Concord Corporation and Skysong, Inc.: (in millions) Concord Corporation Skysong, Inc

. 2022 2021 2022 2021 Preferred dividends 26 10 0 31 Net income 535 475 485 555Shares outstanding at the end of the year 210 180 150 190 Shares outstanding at the beginning of the year 180 150 190 225 Based on this information, what is the amount of Concord Corporation earnings per share (rounded to two decimals) for 2022?
Business
1 answer:
Aleonysh [2.5K]3 years ago
8 0

Answer:

Earnings per share of Concord Corporation for the year 2022 = $2.83

Explanation:

As for the information provided we have,

Earning per share to be computed for Concord Corporation for 2022

Note: Earning per share is computed for a period, and not for the particular date as it relates to the return on investment.

Therefore, Earnings per share for equity = Earnings for equity for the year concerned/Average number of shares outstanding

Average number of shares outstanding = (Opening equity + Closing Equity)/2

Equity shares in the beginning of 2022 = 180 million

Since no information for losing shares given thus, assumed same as of beginning.

Net income for equity = Net income - Pref dividend = $535 - $26 = $509 million

Earnings per share = $509 million/180 million

= $2.83 per share

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Answer: d. provide disclosure in the footnotes to the financial statements.

Explanation:

A contingent liability is an obligation that a company might owe in future depending on the outcome of an event such as a law suit.

To record a contingent liability in the books, two conditions must be satisfied;

  1. Loss must be probable
  2. Amount must be estimable

If these two conditions are not satisfied then the contingent liability may simply be disclosed as a footnote in the financial statement. The amount here is not estimable so can be disclosed as a footnote.

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Which of the following is an example of sustainable farming
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I think its B.

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Alona [7]

Answer:

Option d would be the correct approach.

Explanation:

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4 0
3 years ago
The contrast error is committed when the rates rate people:
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Answer:

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One reason to use a predetermined overhead rate is to eliminate the effect of seasonal factors. True or false?.
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True. One reason to use a predetermined overhead rate is to eliminate the effect of seasonal factors.

<h3>What is a predetermined overhead rate?</h3>

This is the term that is used to refer to the allocation rate that is used in the determination of the estimated cost of the manufacturing overhead. It is used to show in either the order of the product or that of the job.

Hence based on this question we can say that it is true because the reason to use a predetermined overhead rate is to eliminate the effect of seasonal factors.

Read more on overhead rate here: brainly.com/question/13312583

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3 0
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