Great Graters, is a cheese retailer that reports under IFRS. The company has 3090147, no par value
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Great Graters, is a cheese retailer that reports under IFRS. The company has 3090147, no par value common shares, $2018325, 4%, cumulative Class A preferred shares, and $919297, 3%, non-cumulative Class B preferred shares issued and outstanding.
The Company presents you with the following financial information:
- Net income for the year = $1068691
- Other comprehensive income for the year = $81206
The company declares and pays $1502849 of dividends in the current year.
During the year, the Company issues 50,000 new common shares.
Calculate the numerator of the basic EPS formula (net income available to ordinary shareholders) for the year.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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