Figero Inc. has $350,000 of income in 2014. During that same time, it declared preferred dividends in

Question:

Figero Inc. has $350,000 of income in 2014. During that same time, it declared preferred dividends in the amount of $13,000. The following activities affecting common shares occurred during the year:
Jan. 1 120,000 common shares were outstanding
Aug. 1 Sold 35,000 common shares
Sept. 1 Issued a 10 percent Calculate the weighted-average number of common shares outstanding during the year.
2. Calculate earnings per share. Round to the nearest cent.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...