For each of the following situations, calculate basic earnings per share for the year ended December 31,2018:
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For each of the following situations, calculate basic earnings per share for the year ended December 31,2018:
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Situation A Situation B Situation C Situation D Situation E Shares outstanding orn December 31, 2017 Shares issued on June 30, 2018 Shares repurchased on June 30, 2018 Net income for 2018 100,000 250,000 1,000,000 800,000 10,000,000 2,000,000 50,000 $100,000 $525,000 (S200,000) s250,000 S25,000,000 Preferred dividends declared and paid during 2018 50,000 100,000 1,000,000
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