Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 67

Shown below are data relating to the operations of Beach, Inc., during 2015.

Instructions
a.repare a condensed income statement for 2015, including earnings per share statistics.each, Inc., had 200,000 shares of $1 par value common stock and 100,000 shares of $6, $100 par value preferred stock outstanding throughout the year.
b.repare a statement of retained earnings for the year ended December 31, 2015.s originally reported, retained earnings at December 31, 2014, amounted to $10,700,000.
c.ompute the amount of cash dividend per share of common stock declared by the board of directors for 2015.ssume no dividends in arrears on the preferred stock.
d.ssume that 2016 earnings per share is a single figure and amounts to $75.ssume also that there are no changes in outstanding common or preferred stock in 2016.o you consider the $75 earnings per share figure in 2016 to be a favorable or unfavorable statistic in comparison with 2015 performance Explain.