At December 31, 2014, the records of Seacrest Enterprises provided the following selected and incomplete data: Required

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At December 31, 2014, the records of Seacrest Enterprises provided the following selected and incomplete data:

Common shares: no changes during 2014 Shares authorized: 10,000,000 Shares issued, ? Net income for 2014: $2,400,000 Cam

Required
1. Complete the following:
Shares issued ___________
Shares outstanding ___________
2. Earnings per share is $___________. Round your answer to two decimal places.
3. Total dividends paid on common shares during 2014 is $___________.

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Fundamentals of Financial Accounting

ISBN: 978-1259103292

4th Canadian edition

Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh

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Question Posted: Dec 13, 2017 02:46 AM

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At December 31, 2014, the records of Seacrest Enterprises provided the following selected and incomplete data: Required

Question:

Common shares: no changes during 2014 Shares authorized: 10,000,000 Shares issued, ? Net income for 2014: $2,400,000 Cammon Share account: $750,000 issue price $10 per share. Dividends declared and paid during 2014: $1 per share Retained Earnings balance, January 1,2014: $36,400,000

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Req 1 Common Shares 750000 10 75000 shares Issued ...View the full answer

Fundamentals of Financial Accounting

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