At January 1, 2019, Cameron Company 's outstanding shares included the following 280,000 shares of R$50 par value, 7 cumulative preference shares 800,000 shares of R$1 par value ordinary shares Net income for 2019 was R$2,830,000 No cash dividends were declared or paid during 2019 On February 15, 2...

Event Dates Outstanding Shares Outstanding Fraction of Year Weighted Shares ...

At January 1, 2019, Cameron Company's outstanding shares included the following. 280,000 shares of R$50 par value,

Question:

At January 1, 2019, Cameron Company's outstanding shares included the following.
280,000 shares of R$50 7% cumulative preference shares
800,000 shares of R$1 ordinary shares
Net income for 2019 was R$2,830,000. No cash dividends were declared or paid during 2019. On February 15, 2020, however, all preference dividends in arrears were paid, together with a 5% share on ordinary shares. There were no dividends in arrears prior to 2019.
On April 1, 2019, 450,000 ordinary shares were sold for R$10 per share. On October 1, 2019, 110,000 ordinary shares were purchased for R$20 per share and held as treasury shares.
Instructions
Compute earnings per share for 2019. Assume that for 2019 were issued in March 2020.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...