An annual report of Ford Motor Company states: "Net income a share is computed based upon the average number of shares of capital stock of all classes outstanding. Additional shares of common stock may be issued or delivered in the future on conversion of outstanding convertible debentures, exercise of outstanding employee stock options, and for payment of defined supplemental compensation. Had such additional shares been outstanding, net income a share would have been reduced by 10¢ in the current year and 3¢ in the previous year. .As a result of capital stock transactions by the company during the current year (primarily the purchase of Class A Stock from Ford Foundation), net income a share was increased by 6¢." What information is provided by this note?
Answer to relevant QuestionsWhat type of disclosure or accounting is necessary for each of the following items? (a) Because of a general increase in the number of labour disputes and strikes, both within and outside the industry, there is more chance ...What are the accounting problems related to the presentation of interim data? The following are subsequent (post-balance sheet) events. 1. Settlement of a federal tax case at a cost considerably higher than the amount expected at year end 2. Introduction of a new product line 3. Loss of an assembly ...Franklin Corporation is a diversified company that operates in five different industries: A, B, C, D, and E. The following information relating to each segment is available for 2011. Sales of segments B and C included ...Penron Limited (PL) is in the energy business of buying and selling gas and oil and related derivatives. It is a public company whose shares are widely held. It recently underwent a tremendous expansionary period over the ...
Post your question