Compute earnings per share. (Round answer to 2 decimal places, eg. 2.55) Net income Preferred stock:...
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Compute earnings per share. (Round answer to 2 decimal places, eg. 2.55) Net income Preferred stock: 53,000 shares outstanding. $100 par, 8% cumulative, not convertible Common stock: Shares outstanding 1/1 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 $2,296,860 5,300,000 724,800 276,000 138,000 Compute earnings per share. (Round answer to 2 decimal places, eg. 2.55) Net income Preferred stock: 53,000 shares outstanding. $100 par, 8% cumulative, not convertible Common stock: Shares outstanding 1/1 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 $2,296,860 5,300,000 724,800 276,000 138,000
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To compute the earnings per share EPS we need to calculate the weighted average number of common sh... View the full answer
Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
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