Pet Boutique Corp. reported $ 4 , 3 6 5 , 4 1 0 of profit for
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Question:
Pet Boutique Corp. reported $ of profit for On November it declared and paid the annual preferred dividends of $ On January Pet Boutique had and outstanding preferred and common shares, respectively. The following transactions changed the number of shares outstanding during the year:
Feb. Declared and issued a common share dividend.
Apr. Sold common shares for cash.
May Sold preferred shares for cash.
Oct. Sold common shares for cash.
a What is the amount of profit available for distribution to the common shareholders?
b What is the weightedaverage number of common shares for the year?
c What is the earnings per share for the year? Round the final answer to decimal places.
Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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