Zelda Solutions Inc. earned net income of $152,000 in 2020. The general ledger reveals the following figures:
Question:
Zelda Solutions Inc. earned net income of $152,000 in 2020. The general ledger reveals the following figures:
Preferred shares, $1.50, 10,000 authorized, 4,000 shares issued
and outstanding .............................................................................. $ 50,000
Common shares, unlimited shares authorized, 100,000 shares
issued and outstanding .................................................................... 300,000
Required
Compute Zelda Solutions Inc.’s EPS for 2020, assuming no changes in the share accounts during the year.
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Related Book For
Horngrens Accounting
ISBN: 9780135359785
11th Canadian Edition Volume 2
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann Johnston, Peter R. Norwood
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