Question

Bingham corporation reports net income for 20x8 of $100,000.00. bingham corporation had outstanding for all of 20x8 10,000 shares of cumulative $50.00 par, 10 percent preferred stock. throughout 20x8, bingham corporation had 55,000 shares of common stock outstanding. earnings per share is

Answer 1

Earnings and Stocks

1. cumulative effect of a change in accounting principle

2. $1.33

3. will stay the same

4. are usually reported in the notes to the financial statements

5. debit to retained earnings for $12,000

6. extraordinary item

7. outstanding shares increase to 40,000

8. $5.00

9. debit to treasury stock for $750,000

10. $0.91

Answer 2

.91 cents. if you want all the answers message me. woot woot