ABC Company had the following share transactions during the year: Jan 1, 2020, had a beginning balance
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Question:
ABC Company had the following share transactions during the year:
Jan 1, 2020, had a beginning balance of 100,000 shares
April 1, 2020, issued 20,000 shares
June 1, 2020, repurchased 30,000 shares
Oct 1, 2020, repurchased 50,000 shares
If the company’s net income was $1,000,000 on DEC 31, 2020, and it had $200,000 in preferred dividends,
A) Compute the weighted average number of common shares outstanding
B) Compute the Basic Earnings Per Share
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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