On January 1, 2022, Oriole Corporation purchased 5,200 shares of treasury stock. Other information regarding Oriole Corporation
Question:
On January 1, 2022, Oriole Corporation purchased 5,200 shares of treasury stock.
Other information regarding Oriole Corporation is provided as follows.
2021 2022
Net income $104,000 $114,400
Dividends on preferred stock $31,200 $31,200
Dividends on common stock $20,800 $26,000
Weighted-average number of common shares outstanding 51,000 45,800
Common stockholders’ equity beginning of year $624,000 $780,000
Common stockholders’ equity end of year $780,000 $863,200
Compute earnings per share for each year.
Expert Answer:
2021 Earnings Per Share The earnings per share for 2021 can be calculated by dividing the net income ... View the full answer
Financial Accounting
ISBN: 978-1259307959
4th edition
Authors: David Spiceland, Wayne Thomas, Don Herrmann
