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(SOLVED) Castera Inc reported a net income of 800 000 and

a
Castera Inc reported a net income of 800 000 and a Castera Inc. reported a net income of
$800,000 and a weighted average number of common shares of 300,000 for the year. It also
had 50,000 $2 preferred shares. Calculate basic earnings per share assuming (a) The preferred
shares are […]

Messier Inc had 34 000 common shares on January 1 2018 Messier Inc. had 34,000 common
shares on January 1, 2018. On May 1, 3,000 common shares were reacquired and retired. On
August 31 and November 30, 9,000 and 6,000 common shares were issued, respectively.
Calculate (a) The number of […]

Canadian National Railway and Canadian Pacific Railway have a dividend Canadian National
Railway and Canadian Pacific Railway have a dividend of $1.25 per common share and $1.40
per common share, respectively. The market price of their shares is $80 per share and $168 per
share, respectively. (a) Calculate the dividend […]

For the year ended December 31 2018 Stirling Farms Limited For the year ended December 31,
2018, Stirling Farms Limited, a private company, reported net income of $150,000. The
company declared dividends of $90,000 and paid $80,000 of these dividends during the year.
(a) Prepare a statement of retained earnings […]

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Refer to the data given in BE11 10 for Luxat Corporation Refer to the data given in BE11.10 for
Luxat Corporation. Luxat had an unlimited number of common shares authorized and 550,000
shares issued at December 31. Prepare the shareholders’ equity section of its statement of
financial position at December […]

Luxat Corporation reported the following statement of changes in equity Luxat Corporation
reported the following statement of changes in equity accounts for the year ended December
31, 2018. Determine the missing amounts for items [1] to [8]. Luxat Corporation reported the
following statement of changes in equity

In November 2015 Hydro One Limited issued an IPO on In November 2015, Hydro One Limited
issued an IPO on the Toronto Stock Exchange. Shares purchased under the IPO were sold at
$20.50 per share. If a shareholder purchased Hydro One’s shares in March 2016, they would
have paid $24 […]

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