Newburg Company started 2 0 2 3 with 4 0 , 0 0 0 outstanding shares of

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Newburg Company started

2023

with

40, 000

outstanding shares of common stock. On

2 / 1 / 23,

it issued an additional

10, 000

shares and bought back

15, 000

shares on

9 / 30 / 23 .

Net income for the year was $

50, 000

and $

5, 000

of common dividends and $

3, 000

of preferred dividends were paid. Calculate EPS

Related Book For answer-question

Intermediate Accounting Reporting and Analysis

ISBN: 978-1111822361

1st edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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Posted Date: May 04, 2024 09:49 PM

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Newburg Company started 2 0 2 3 with 4 0 , 0 0 0 outstanding shares of

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