Junkyard Arts, Inc., had earnings of $141,200 for the year. The company had 20,000 shares of common
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Junkyard Arts, Inc., had earnings of $141,200 for the year. The company had 20,000 shares of common stock outstanding during the year and issued 4,400 shares of $50 par value preferred stock. The preferred stock has a dividend of $8 per share. There were no transactions in either common or preferred stock during the year. Determine the basic earnings per share for Junkyard Arts for the year. Round answer to two decimal places. ($ per share)
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1111822361
1st edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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