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Homework answers / question archive / In 2020, Coronado Corporation reported net income of $1,004,700
In 2020, Coronado Corporation reported net income of $1,004,700. It declared and paid preferred stock dividends of $278,600. During 2020, Coronado had a weighted average of 200,700 common shares outstanding. Compute Coronado's 2020 earnings per share. (Round earnings per share to 2 decimal places, e.g. 1.48.)
Coronado's 2020 earnings per share $
Included in Shamrock Company's December 31 trial balance is a note receivable of $11,760. The note is a 4-month, 10% note dated October 1. Prepare Shamrock's December 31 adjusting entry to record $294 of accrued interest, and the February 1 journal entry to record receipt of $12,152 from the borrower. (Credit account titles are automatically indented when amount is entered. On not indent manually. If no entry is required, select -No entry' for the account titles and enter 0 for the amounts. Record journal entries in the orderpresented in the problem.)
Data Account Titles and Explanation Debit Credit
Computation of Earning per Share:
Earning per Share = (Net Income - Preference Dividend) / Average Weighted of Common Outstanding Shares
= ($1,004,700-$278,600)/200,700
= $726,100/200,700
Earning per Share = $3.62