Liberty Ventures Inc. reported $209,840 profit in 2023 and declared preferred dividends of $34,400. The following changes

Question:

Liberty Ventures Inc. reported $209,840 profit in 2023 and declared preferred dividends of $34,400. The following changes in common shares outstanding occurred during the year:

Calculate the weighted-average number of common shares outstanding during the year and earnings per share.

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Fundamental Accounting Principles Volume 2

ISBN: 9781260881332

17th Canadian Edition

Authors: Kermit D. Larson, Heidi Dieckmann, John Harris

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Question Posted: Jul 31, 2023 02:04 AM

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Liberty Ventures Inc. reported $209,840 profit in 2023 and declared preferred dividends of $34,400. The following changes

Question:

Jan. 1 60,000 common shares were outstanding. 30 Sold 20,000 common shares. June Sept. 1 Declared and issued a 20% common share dividend. Nov. 2 Sold 12,000 common shares.

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Earnings per share Calculations Profit Preferred Dividends WeightedAverage Common Sh...View the full answer

Fundamental Accounting Principles Volume 2

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