Question

Hardaway Fixtures' balance sheet at December 31, 2010, included the following:

On July 21, 2011, Hardaway issued a 25% stock dividend on its common stock. On December 12 it paid $50,000 cash dividends on the preferred stock. Net income for the year ended December 31, 2011, was $2,000,000.

Required:
Compute Hardaway's earnings per share for the year ended December 31, 2011.



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  • CreatedJuly 11, 2013
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