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ecsmith
Apr 15, 2004, 05:00 PM
Hello,

I need help on this homework problem.




The stockholder's equity section of Tyachuk Corporation appears below as on December 31, 2004

8% Cumulative preferred stock $50 per value, authorized 100,000 shares, outstanding 90,000 shares                                                 (CR)4,500,00
                 
Common stock, $1.00 par, authorized and issued 10    million shares
            (CR)10,000,000


                              (CR)20,500,00          


Additional paid-in capital   (DR)      134,000,000
Retained (DR) 33,000,000 earnings                               167,000,000

Net Income                                                                                      202,000,000
                                                                       

Net income for 2004 reflects a total effective tax rate of 34%.  Included
In the net income figure is a loss of 18,000 (before tax) as a result of a major
Casualty.

Instructions
Compute earnings per share data, as it should appear on the income statement of Tkachuk Corporation.


Thanks,
Ebony

yoplo54
May 6, 2009, 03:04 AM
I am looking for the same answer for this question. Is there any answer somewhere?

morgaine300
May 6, 2009, 09:07 PM
Please see the guidelines for posting homework problems:
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yoplo54, we're not here just to provide you answers for your homework.