Chapter 11 - Chapter 11 Stockholders Equity (cont.) Dr. Ron...

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Dr. Ron Lazer Chapter 11 Page 1 Chapter 11 Stockholders’ Equity (cont.) Dr. Ron Lazer Financial Accounting GAAP The Accounting Information System Financial Statements Balance Sheet Income Statement Statement of Stockholders’ Equity Ron Lazer, Ph.D.
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Dr. Ron Lazer Chapter 11 Page 2 Income Tax Expense s Income Tax Expense is reported on the Income Statement as the step before Net Income (from continuing operations). s To calculate Income Tax Expense s JE: Income Tax Expense xxx Income Tax Payable xxx Income Tax Expense = Income Before Tax Income Tax Rate x Ron Lazer, Ph.D. Earnings Per Share (EPS ) s Widely used statistics. s Report the amount of net income for each share (outstanding shares only). s Companies report two EPS numbers: b Basic EPS b Diluted EPS Net income - Preferred dividends Average number of common shares outstanding
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Dr. Ron Lazer Chapter 11 Page 3 Earnings Per Share (EPS ) Tal Inc. stockholders’ equity section in the balance sheet as of 12/31/2009 is: Common stock, $1 par value, 1,000,000 shares
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Chapter 11 - Chapter 11 Stockholders Equity (cont.) Dr. Ron...

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