Point Pelee Parks Ltd. earned income of $6,732,000 for the fiscal year ended December 31. Point Pelee
Question:
Point Pelee Parks Ltd. earned income of $6,732,000 for the fiscal year ended December 31. Point Pelee Parks has 180,000 $3 preferred shares issued and outstanding. Point Pelee Parks started the year with 900,000 common shares, sold an additional 200,000 shares on June 1, declared a 3:1 share split on August 31, and issued an additional 30,000 shares on December 1. Calculate earnings per share for Point Pelee Parks Ltd.
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EPS Earnings per Share 6732000 180000 x 3 3052500 203 900000 shares ...View the full answer
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Related Book For 
Accounting Volume 2
ISBN: 978-0176509743
2nd Canadian edition
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
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