Kristiana Org. presented the following data. Net income.......................................................................................................................................2,500,000 Preferred stock: 50,000 shares outstanding, $100 par, 8% cumulative,
Question:
Kristiana Org. presented the following data.
Net income.......................................................................................................................................2,500,000
Preferred stock: 50,000 shares outstanding, $100 par, 8% cumulative, not convertible.......5,000,000
Common stock: Shares outstanding 1/1.........................................................................................750,000
Issued for cash, 5/1............................................................................................................................300,000
Acquired treasury stock for cash, 8/1..............................................................................................150,000
2-for-1 stock split, 10/1
Instructions
Compute earnings per share.
Step by Step Answer:
Net income 2500000 Preferred stock 50000 shares outstanding 100 par 8 ...View the full answer
Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
