The financial information is available for Plummer Corporation.

The weighted-average number of shares of common stock outstanding was 80,000 for 2019 and 100,000 for 2020.

Instruction

Calculate earnings per share and return on common stockholders' equity for 2020 and 2019.

Solution

Calculation for earnings per share and return on common stockholders' equity for 2020 and 2019

Problems: Corporations: Dividends, Retained Earnings, and Income Reporting

Problem-01: Corporations: Dividends, Retained Earnings, and Income Reporting

On January 1, 2020, Geffrey Corporation had the following stockholders equity accounts. Common St...

Problem-02: Corporations: Dividends, Retained Earnings, and Income Reporting

The stockholders equity accounts of Kerp Company at January 1, 2020, are as follows Preferred Sto...

Problem-03: Corporations: Dividends, Retained Earnings, and Income Reporting

The post-closing trial balance of Storey Corporation at December 31, 2020, contains the following st...

Problem-04: Corporations: Dividends, Retained Earnings, and Income Reporting

On January 1, 2020, Ven Corporation had the following stockholders equity accounts Common Stock (...

Problem-05: Corporations: Dividends, Retained Earnings, and Income Reporting

On January 1, 2020, Shellenburger Inc. had the following stockholders' equity account balances. C...

Problem-06: Corporations: Dividends, Retained Earnings, and Income Reporting

On January 1, Guillen Corporation, had 95,000 shares of no-par common stock issued and outstanding. ...

Problem-07: Corporations: Dividends, Retained Earnings, and Income Reporting

Knudsen Corporation was organized on January 1, 2019. during its first year, the corporation issued ...

Problem-08: Corporations: Dividends, Retained Earnings, and Income Reporting

On January 1, 2019, Frontier Corporation had $1,000,000 of common stock outstanding that was issued ...

Problem-09: Corporations: Dividends, Retained Earnings, and Income Reporting

On October 31, the stockholders equity section of Heins Company consists of common stock $500,000 an...

Problem-10: Corporations: Dividends, Retained Earnings, and Income Reporting

On October 1, Little Bobby Corporation's stockholders equity is as follows. On October 1, Little ...

Problem-11: Corporations: Dividends, Retained Earnings, and Income Reporting

During 2019, Roblez Corporation had the following transactions and events Declared a cash dividend....

Problem-12: Corporations: Dividends, Retained Earnings, and Income Reporting

Before preparing financial statements for the current year, the chief accountant for Toso Company di...

Problem-13: Corporations: Dividends, Retained Earnings, and Income Reporting

On January 1, 2020, Eddy Corporation had retained earnings of $650,000. During the year, Eddy had th...

Problem-14: Corporations: Dividends, Retained Earnings, and Income Reporting

Newland Company reported retained earnings at December 31, 2019, of $310,000. Newland had 200,000 sh...

Problem-15: Corporations: Dividends, Retained Earnings, and Income Reporting

Dirk Company reported the following balances at December 31, 2020; common stock $500,000, paid-in-ca...

Problem-16: Corporations: Dividends, Retained Earnings, and income Reporting

The following accounts appear in the ledger of Horner Inc. after the books are closed at December 31...

Problem-17: Corporations: Dividends, Retained Earnings, and Income Reporting

The following information is available for Norman Corporation for the year ended December 31, 2020; ...

Problem-18: Corporations: Dividends, Retained Earnings, and Income Reporting

In 2020, Pennington Corporation had net sales of $600,000 and cost of goods sold of $360,000, Operat...

Problem-19: Corporations: Dividends, Retained Earnings, and Income Reporting

Ringold Corporation has outstanding at December 31, 2019, 50,000 shares of $20 par value, cumulative...

Problem-20: Corporations: Dividends, Retained Earnings, and Income Reporting

The financial information is available for Plummer Corporation. The weighted-average number of sh...

Problem-21: Corporations: Dividends, Retained Earnings, and Income Reporting

The financial information is available for Klinger Corporation The weighted-average number of sha...

Problem-22: Corporations: Dividends, Retained Earnings, and Income Reporting

At December 31, 2020, Millwood Corporation has 2,000 shares of $100 par value, 8%, preferred stock o...

Corporations: Dividends, Retained Earnings, and Income Reporting

Problem-20: Corporations: Dividends, Retained Earnings, and Income Reporting

Instruction

Solution

Problems: Corporations: Dividends, Retained Earnings, and Income Reporting

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