Horticultural Products Inc. reported $928,470 profit in 2020 and declared preferred dividends of $74,600. The following changes
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Horticultural Products Inc. reported $928,470 profit in 2020 and declared preferred dividends of $74,600. The following changes in common shares outstanding occurred during the year.
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
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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