The following information is available for Nablus Corporation: ** Common Shares: January 1, 2019 Shares outstanding...

 

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The following information is available for Nablus Corporation: ** Common Shares: January 1, 2019 Shares outstanding (Beginning) April 1, 2019 Shares issued July 1, 2019 October 1, 2019 Shares dividend 20% December 31, 2019 Shares issued Treasury shares purchased 01 O 1.2 1.52 1,250,000 1.32 200,000 ** Preference Shares:10%, $100, 1,000 shares issued ** Net Income for the year 2019: $2,500,000 **Dividends per common shares $1 per share, **Market price for common shares at December 31, 2019 $9.5 per share. Compute: Earnings per share for the year 2019 (75,000) 10,000 The following information is available for Nablus Corporation: ** Common Shares: January 1, 2019 Shares outstanding (Beginning) April 1, 2019 Shares issued July 1, 2019 October 1, 2019 Shares dividend 20% December 31, 2019 Shares issued Treasury shares purchased 01 O 1.2 1.52 1,250,000 1.32 200,000 ** Preference Shares:10%, $100, 1,000 shares issued ** Net Income for the year 2019: $2,500,000 **Dividends per common shares $1 per share, **Market price for common shares at December 31, 2019 $9.5 per share. Compute: Earnings per share for the year 2019 (75,000) 10,000

Answer rating: 100% (QA)

calculation of weighted average no of shares Jan 42019 ... View the full answer