please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image) Effect of Financing on Earnings per ShareHenriksen Co., which produces and sells biking equipment, Is financed as follows:Bonds payable, 10% (issued at face amount)Preferred $1 stock, $10 parCommon stock, $25 parIncome tax is estimated at 40% of income.Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is (a) $629,000, (b) $814,000, and (c) $999,000.Enter answers in dollars and cents, rounding to two decimal places.a. Earnings per share on common stockb. Earnings per share on common stockc. Earnings per share on common stock$1,850,0001,850,0001,850,000000

DECLARATION OF DIVIDENDSDividend is the amount paid by the Corporation its shareholders in return…

Effect of Financing on Earnings per Share Henriksen Co., which produces and sells biking equipment, Is financed as follows: Bonds payable, 10% (issued at face amount) Preferred $1 stock, $10 par Common stock, $25 par Income tax is estimated at 40% of income. $1,850,000 1,850,000 1,850,000 Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is (a) $629,000, (b) $814,000, and (c) $999,000. Enter answers in dollars and cents, rounding to two decimal places. a. Earnings per share on common stock b. Earnings per share on common stock c. Earnings per share on common stock 000

Effect of Financing on Earnings per Share Henriksen Co., which produces and sells biking equipment, Is financed as follows: Bonds payable, 10% (issued at face amount) Preferred $1 stock, $10 par Common stock, $25 par Income tax is estimated at 40% of income. $1,850,000 1,850,000 1,850,000 Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is (a) $629,000, (b) $814,000, and (c) $999,000. Enter answers in dollars and cents, rounding to two decimal places. a. Earnings per share on common stock b. Earnings per share on common stock c. Earnings per share on common stock 000

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter14: Long-term Liabilities: Bonds And Notes

Section: Chapter Questions

Problem 1E: Domanico Co., which produces and sells biking equipment, is financed as follows: Income tax is...

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