EPS: stockholder's equity section of Tkachuk Corporation
Not what you're looking for?
E5-11 The stockholder's equity section of Tkachuk Corporation appears below as of December 31, 2008.
8% preferred stock, $50 par value, authorized
100,000 shares, outstanding 90,000 shares $4,500,000
Common stock, $1.00 par, authorized and issued
10 million shares 10,000,000
Additional paid-in Capital 20,500,000
Retained earnings $134,000,000
Net income 33,000,000 167,000,000
Net Income $202,000,000
Net income for 2008 reflects a total effective tax rate of 34%. Included in the net income figure is a loss of $18,000,000 (before tax) as a result of a major casualty, which should be classified as an extraordinary item. Preferred stock dividend of $360,000 were declared and paid in 2008. Dividend of $1,000,000 were declared and paid to common stockholders in 2008.
Required:
Compute earnings per share data as it should appear on the income statement of Tkachuk Corporation.
Purchase this Solution
Solution Summary
Your tutorial is attached in Excel. Please click in cells to see computations.
Education
- BSc, University of Virginia
- MSc, University of Virginia
- PhD, Georgia State University
Recent Feedback
- "hey just wanted to know if you used 0% for the risk free rate and if you didn't if you could adjust it please and thank you "
- "Thank, this is more clear to me now."
- "Awesome job! "
- "ty"
- "Great Analysis, thank you so much"
Purchase this Solution
Free BrainMass Quizzes
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.
Transformational Leadership
This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.