Hatz & Hornes, Inc. has the following items in its capital structure at December 31, 2019:...

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Hatz & Hornes, Inc. has the following items in its capital structure at December 31, 2019: Additional paid-in-capital. $ 380,000 Common stock, $10 stated value, issued January 2, 2018 . 600,000 Preferred stock, 6%, $8 par value, convertible in 2 years into 73,000 common shares, issued at par value on July 1, 2019.. 1,600,000 Stock warrants, issued in exchange for legal services at the company's formation, convertible into 650 shares of common stock at the discretion of the warrant-holders, but not earlier than 2021 (conversion would require a cash payment to the company from the warrant-holders, which would be sufficient to require 150 shares of common stock at current market prices).. 10,000 Treasury stock, common (10,000 shares at cost), reacquired on November 1, 2018.. (140,000) Net income for 2019 was $348,000; the Board of Directors has not declared the appropriate dividend for the preferred sharcholders. What earnings per share would Hatz & Hornes report for the year ended December 31, 2019? Prepare a schedule to support your answer. Hatz & Hornes, Inc. has the following items in its capital structure at December 31, 2019: Additional paid-in-capital. $ 380,000 Common stock, $10 stated value, issued January 2, 2018 . 600,000 Preferred stock, 6%, $8 par value, convertible in 2 years into 73,000 common shares, issued at par value on July 1, 2019.. 1,600,000 Stock warrants, issued in exchange for legal services at the company's formation, convertible into 650 shares of common stock at the discretion of the warrant-holders, but not earlier than 2021 (conversion would require a cash payment to the company from the warrant-holders, which would be sufficient to require 150 shares of common stock at current market prices).. 10,000 Treasury stock, common (10,000 shares at cost), reacquired on November 1, 2018.. (140,000) Net income for 2019 was $348,000; the Board of Directors has not declared the appropriate dividend for the preferred sharcholders. What earnings per share would Hatz & Hornes report for the year ended December 31, 2019? Prepare a schedule to support your answer.

Answer rating: 100% (QA)

Reported under financial statement Basic earnings per share 504 Diluted Earnings per share 282 Expla... View the full answer