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    ecsmith's Avatar
    ecsmith Posts: 3, Reputation: 1
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    #1

    Apr 15, 2004, 05:00 PM
    Earnings Per Share
    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's Avatar
    yoplo54 Posts: 1, Reputation: 1
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    #2

    May 6, 2009, 03:04 AM
    I am looking for the same answer for this question. Is there any answer somewhere?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #3

    May 6, 2009, 09:07 PM

    Please see the guidelines for posting homework problems:
    Ask Me Help Desk - Announcements in Forum : Homework Help

    yoplo54, we're not here just to provide you answers for your homework.
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