Carla Inc. presented the following data. Net income $2,670,000 Preferred Stock: 54,000 shares outstanding, $100 par, 8%
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Question:
Carla Inc. presented the following data.
Net income $2,670,000
Preferred Stock: 54,000
shares outstanding, $100 par, 8% cumulative, non-convertible 5,400,000
Common Stock: Shares outstanding 1/1 712,800
Issued for cash, 5/1 272,400
Treasury shares purchased for cash, 8/ 1 148,800
2 for -1 stock split, 10/1
Calculate 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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