Question: (a) Your answer is correct. Determine the weighted average number of shares outstanding as of December 31, 2021. The weighted average number of shares outstanding

 (a) Your answer is correct. Determine the weighted average number of

(a) Your answer is correct. Determine the weighted average number of shares outstanding as of December 31, 2021. The weighted average number of shares outstanding 1699025 e Textbook and Media Attempts: 1 of 5 used (b) Assume that Carla Corp. earned net income of $3,577,000 during 2021. In addition, it had 95,000 shares of 9%, $100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2021. Compute earnings per share for 2021, using the weighted- average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. $2.55.) Earnings Per Share $ e Textbook and Media

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!