PT Karawang Timur recognizes 2017 net profit of IDR 80 billion, stock dividends cumulative preference of...
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PT Karawang Timur recognizes 2017 net profit of IDR 80 billion, stock dividends cumulative preference of Rp. 15 billion, with the following share mutations. Transaction date 31 Dec. 2016 Share balance 4,800,000 shares. Feb. 1 2017 Sold 700,000 shares of common stock. June 1st. 2017 Distributed 20% share dividend. Sept. 1 2017 Sold 2,400,000 shares of common stock. Nov. 1 2017 Repurchased 1,200,000 shares of common stock. 1 Dec. 2017 Split 4-for-1. Question: Calculate the Earning per Share of PT Karawang Timur. PT Karawang Timur recognizes 2017 net profit of IDR 80 billion, stock dividends cumulative preference of Rp. 15 billion, with the following share mutations. Transaction date 31 Dec. 2016 Share balance 4,800,000 shares. Feb. 1 2017 Sold 700,000 shares of common stock. June 1st. 2017 Distributed 20% share dividend. Sept. 1 2017 Sold 2,400,000 shares of common stock. Nov. 1 2017 Repurchased 1,200,000 shares of common stock. 1 Dec. 2017 Split 4-for-1. Question: Calculate the Earning per Share of PT Karawang Timur.
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To calculate the earnings per share EPS of PT Karawang Timur we need to determine the weighted avera... View the full answer
Related Book For
Financial Accounting
ISBN: 9781618533111
6th Edition
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
Posted Date:
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