At December 31, 2014, the records of Kozmetsky Corporation provided the following selected and incomplete data: Common

Question:

At December 31, 2014, the records of Kozmetsky Corporation provided the following selected and incomplete data:

Common shares: no changes during 2014

Shares authorized 5,000,000.

Shares issued, _____?______ issue price $1 per share.

Net income for 2014: $4,800,000

Common Shares account: $1,500,000.

Dividends declared and paid during 2014: $2 per share

Retained Earnings balance, January 1, 2014: $82, 900, 000

Required

1. Complete the following:

Shares issued ___________

Shares outstanding ___________

2. Earnings per share is $___________. Round your answer to two decimal places.

3. Total dividends paid on common shares during 2014 is $___________.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For  book-img-for-question

Fundamentals of Financial Accounting

ISBN: 978-1259103292

4th Canadian edition

Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh

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