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me etsu MEIR signments cussions des ple S bus zes ules borations 365 . te Syllabus Question 1 2 pts For next 4 Questions. Meyer Corporation reported net income for 2019 of $380,000. Meyer began the year with 100,000 shares of $1 par(face) value common shares outstanding. On October 1, Meyer sold 10,000 shares of common stock for $60 per share to finance some additional capital. Meyer paid dividends of $2.00 per share to the common shareholders in December 2019. Throughout 2019, Meyer had 3,000 shares of convertible preferred and no other potentially dilutive securities. Each share of preferred paid a dividend of $8 per share in 2019, and each could be convertible into six shares of the company's common stock. If necessary, assume 30% as the tax rate. Calculate the weighted average number of shares outstanding used for the calculation of Meyer's Basic EPS. (if necessary, round to the nearest integer.) shares Que ✓Que Time Elapsed Attempt due: Fu 14 Minutes, me etsu MEIR signments cussions des ple S bus zes ules borations 365 . te Syllabus Question 1 2 pts For next 4 Questions. Meyer Corporation reported net income for 2019 of $380,000. Meyer began the year with 100,000 shares of $1 par(face) value common shares outstanding. On October 1, Meyer sold 10,000 shares of common stock for $60 per share to finance some additional capital. Meyer paid dividends of $2.00 per share to the common shareholders in December 2019. Throughout 2019, Meyer had 3,000 shares of convertible preferred and no other potentially dilutive securities. Each share of preferred paid a dividend of $8 per share in 2019, and each could be convertible into six shares of the company's common stock. If necessary, assume 30% as the tax rate. Calculate the weighted average number of shares outstanding used for the calculation of Meyer's Basic EPS. (if necessary, round to the nearest integer.) shares Que ✓Que Time Elapsed Attempt due: Fu 14 Minutes,
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Related Book For
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
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