At December 31, 2023, Tres Hombres Corporation had the following shares outstanding: Instructions Calculate earnings per share
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At December 31, 2023, Tres Hombres Corporation had the following shares outstanding:
InstructionsCalculate earnings per share information as it should appear in the financial statements of Tres Hombres for the year ended December 31, 2023.
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10% cumulative preferred shares, 107,500 shares outstanding Common shares, 4,000,000 shares outstanding $10,750,000 20,000,000 During 2023, the corporation's only share transaction was the issuance of 400,000 common shares on April 1. During 2023, the following also occurred: Income from continuing operations before tax Discontinued operations (loss before tax) Preferred dividends declared Common dividends declared Effective tax rate $23,650,000 3,225,000 1,075,000 2,200,000 30%
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Related Book For
Intermediate Accounting Volume 1
ISBN: 9781119740469
13th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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