Capital Consulting Company had 400,000 shares of common stock outstanding on January 1, 2012. On that date,

Question:

Capital Consulting Company had 400,000 shares of outstanding on January 1, 2012. On that date, there were also 5,000 shares of $100 par, 6% noncumulative preferred stock outstanding. On March 1, 2013, the company's split 3-for-1. On December 15, 2013, a preferred was declared and paid in the amount of $25,000. Net income for 2013 was $3,000,000.
Required:
Compute basic earnings per share rounded to 2 decimal places for the year ended Dec 31 2013
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... 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...