Oregon, Inc. reported net income of $105,000. During the current year, the company had 5,000 shares of

Fantastic news! We've Found the answer you've been seeking!

Question:

Oregon, Inc. reported net income of $105,000. During the current year, the company had 5,000 shares of $100 par, 5% preferred stock and 10,000 of $5 par common stock outstanding. Oregon's earnings per share is:

a). $8.00
b). $18.00
c). $5.08
d). $5.00

Related Book For answer-question

Concepts in Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

See More Books

Posted Date: Jan 11, 2021 06:20 AM

See More Questions

The impact strategic management has on business sustainability regarding these factors - Consumer spending - Creating New opportunites - Innovation - Companies Profits You have $100,000 to invest in...
P Company owns 80% of the outstanding stock of S Company. During 2014, S Company reported net income of $525,000 and declared no dividends. At the end of the year, S Companys inventory included...
During the current year ended December 31, Rank Company disposed of three different assets. On January I of the current year, prior to their disposal, the asset accounts reflected the following: The...
You are an audit supervisor of PricewaterhouseCoopers (PwC) and are planning the audit of your client, Blister Pharmaceuticals co. which manufactures and imports sanitary and cleaning products...
Show that the tangent lines to the parabola y = ax2 + bx + c at any two points with -coordinates p and q must intersect at a point whose -coordinate is halfway between p and q.
As a fraud expert asked to investigate possible fraud at a local nonprofit organization, you suspect that one of the workers, Stacey, has been embezzling money. After securing enough evidence to be...
In August 2014, Superior Structures of Ohio, LLC, and its president, Ryan Villhauer, applied for credit with Willoughby Supply Company, Inc. The application contained a section providing for a...
The post-closing trial balance of Russo Corporation at December 31, 2014, contains the following stockholders equity accounts. Preferred Stock (15,000 shares issued) ........... $ 750,000 Common...
What is the interest earned on $350 invested 4 years at a 5% simple interest?If I put $1500 into my savings account and earned $180 of interest at 4% simple interest, how long was my money in the...
A lottery prize gives the winner a choice between (1) $10,000 now and another $10,000 in 5 years, or (2) four $6700 paymentsnow and in 5, 10, and 15 years. a. Which alternative should the winner...
Write a program that calculates the equivalent resistance of the following circuit where R1=5.5 ohm, R2=3.7 ohm and R3=9.8 ohm. Hint: Use the concept of functions declaration and prototypes RI R2 R3
How much money does Jose need to invest now at 3.2% compounded quarterly for 8 years to have $2,000 at the end of the period? Do not include units.
5. (15%) Consider the following data containing 5 training data points consisting of two features x and x (so here N = 5, p = 2), and two possible classes y E {0, +1}. Training Data X (Feature 1)...
It is possible to derive returns of many periodicities from returns of one periodicity. Suppose that we have estimated the following fundamental factor model using daily data: Let us denote the...
Using the data in the adjusted trial balance, prepare an income statement in good form for Benco?(just for this year, 20X3).? Assume the "loss on sale of warehouse" was actually a loss on the sale of...
Asian early history within the U.S. Why they came to the U.S. and how they were received when they arrived in the U.S. One historical event that has shaped the position of Asian group within the...
Talk about any SWAG you've been given or that you've seen. Why do you think the company chose to create that particular SWAG?
Compare and contrast licensing and subcontracting.
What are some things to look out for when reading the Code?
A taxpayer purchases $507,000 worth of property that qualifies for the Section 179 deduction during the current year. The taxpayer would like to deduct the greatest depreciation expense possible...
Jie has the following capital gains and losses during the current year: Short-term capital loss ....... $ 2,000 Collectibles gain ........... 3,000 Unrecaptured Section 1250 gain ... 8,000 Long-term...
How are risk and return each defined? Do you think there is a relationship between them?
Describe the components of a business plan. How does each of these components help the following people to make decisions about a business? (a) An investor. (b) A creditor. (c) A manager or owner.
Define relevant range. Why is it important?

Oregon, Inc. reported net income of $105,000. During the current year, the company had 5,000 shares of

Question:

Expert Answer:

Earnings per share net inco... View the full answer

Concepts in Federal Taxation

Students also viewed these accounting questions