Horticultural Products Inc. reported $928,470 profit in 2023 and declared preferred dividends of $74,600. The following changes

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Horticultural Products Inc. reported $928,470 profit in 2023 and declared preferred dividends of $74,600. The following changes in common shares outstanding occurred during the year.

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Calculate the weighted-average number of common shares outstanding during the year and earnings per share. Round calculations to two decimal places.


Analysis Component:
What is the effect of a share dividend on earnings per share?

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Related Book For  book-img-for-question

Fundamental Accounting Principles Volume 2

ISBN: 9781260881332

17th Canadian Edition

Authors: Kermit D. Larson, Heidi Dieckmann, John Harris

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