Question: i don't wanna solution, only final answer should be fine. I posted these questions for third time, so do it correctly please. Exercise 14-11 Martinez

 i don't wanna solution, only final answer should be fine. I

posted these questions for third time, so do it correctly please. Exercise

i don't wanna solution, only final answer should be fine. I posted these questions for third time, so do it correctly please.

Exercise 14-11 Martinez Limited reported profit of $446,040 for its November 30, 2017. year end. Cash dividends of $87,000 on the common shares and of $63,300 on the noncumulative preferred shares were declared and paid during the year. The following information is available regarding Martinez's common shares: Dec. 1, 2016 The opening number of common shares was 65,500. Feb. 28, 2017 Sold 9,100 common shares for $191,100 cash. May 31, 2017 Reacquired 4,550 common shares for $213,850 cash. Nov. 1, 2017 Issued 13,650 common shares in exchange for land with a fair value of $250,000. ly X Your answer is incorrect. Try again. Calculate the profit available for the common shareholders. Profit available to common shareholders x Your answer is incorrect. Try again. Calculate earnings per share for the year. (Round answer to 2 decimal places, e.g. 52.76.) x Earnings per share Quest

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!