Question: At December 3 1 , 2 0 2 5 , Blossom Company had 5 1 2 0 0 0 shares of common stock issued and

At December 31,2025, Blossom Company had 512000 shares of common stock issued and outstanding, 408000 of which had been issued and outstanding throughout the year and 104000 which were issued on October 1,2025. Net income for the year ended December 31,2025 was $1705000. What should be Blossom's 2025 earnings per common share?
At December 31,2025, Blossom Company had 512000 shares of common stock

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

on december 3 1 2 0 2 5 atlanta company had a portfolio of equity securities with a fair amrket of 1 6 0 0 0 0 . thei historical cost of this portfolio of securities was 1 3 2 0 0 0 each investment...

Q:

on december 3 1, 2 0 2 5 atlanta company had a portfolio of equity securities with a fair amrket of 1 6 0 0 0 0 . thei historical cost of this portfolio of securities was 1 3 2 0 0 0 each investment...

Q:

Swifty Inc. had net income for the current year ending December 3 1 , 2 0 2 3 of $ 9 2 1 , 1 5 0 . During the entire year, there were 5 0 1 , 0 0 0 common shares outstanding. The company had two...

Q:

The comparative balance sheet of Hirayama Industries Inc. for December 3 1 , 2 0 Y 2 and 2 0 Y 1 , is as follows: 1 Dec. 3 1 , 2 0 Y 2 Dec . 3 1 , 2 0 Y 1 2 Assets 3 Cash $ 4 8 6 . 0 0 $ 1 5 8 . 0 0...

Q:

The following financial statement information was prepared for Blue Corporation and Sparse Company at December 3 1 . 2 0X2: Blue Corporation and Sparse Company agreed to combine as of January 1,...

Q:

Question 2 ( 3 2 marks ) Enes Inc. is the main manufacturer of multicolour headbands in Western Jamaica. The following budgeted data relates to Enes Inc. for two periods: December 3 1 , 2 0 2 2 and...

Q:

EN - IN On December 3 1 , 2 0 2 3 , Cheyenne Inc., a public company, borrowed $ 3 million at 1 1 % payable annually to finance the construction of a new building. In 2 0 2 4 , the company made the...

Q:

Early in its fiscal year ending December 3 1 , 2 0 2 4 , San Antonio Outfitters finalized plans to expand operations. The first stage was completed on March 2 8 with the purchase of a tract of land...

Q:

Kingbird Corporation's balance sheet at December 3 1 , 2 0 2 4 , is presented below. Debits: Cash $ 9 3 , 0 0 0 Inventory 9 5 , 3 2 5 Prepaid insurance 1 7 , 3 6 0 Equipment 1 1 7 , 8 0 0 Total $ 3 2...

Q:

Skysong Corp. carries an account in its general ledger called Investments, which contained debits for investment purchases, and no credits, with the following descriptions. Feb. 1 , 2 0 2 5 Sharapova...

Q:

Polycorp is investigating two projects. The risk-free rate is 3% pa and the market return is 8%pa. Project A has a beta of .7 and Project B has beta of 1.6. The projects are independent. If accepted...

Q:

For its fiscal year ending October 31, 2017, Haas Corporation reports the following partial data shown below. Income before income taxes .................... $540,000 Income tax expense (20% 3...

Q:

All of the following are steps in the analysis and valuation framework used to understand the fundamentals of a business and determine estimates of its valueexcept: a. Derive forecasts of future...

Q:

Within a continuously competitive global business environment, publicly held companies face constant pressure to generate and report positive financial results. Unfortunately, some leaders may be...

Q:

=+When you're writing to an audience and don't have a sense of how they process, it's good to use words to target these three senses: touch, hearing, and sight.

Q:

=+When used in advertising messages, NLP singles out audience members

Q:

=+The visual person will say statements like, Can you picture it? Take a look at this, and See what I mean?