Aria Ltd. provides the following information for calendar 2020 1. Net income $ 420,000 2. Capital Structure
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Question:
Aria Ltd. provides the following information for calendar 2020
1. Net income $ 420,000
2. Capital Structure
a) $ 8 preferred shares, no par value, cumulative, $ 600,000
6,000 shares outstanding
No dividends were declared during 2020.
b) Common shares, 76,000 shares outstanding on January 1.
On April 1, 40,000 shares were issued for cash.
On October 1, 16,000 shares were purchased and retired. $ 1,000,000
Instructions
Calculate basic earnings per share for 2020.
Related Book For
Financial Accounting
ISBN: 978-1259103285
5th Canadian edition
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
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