At December 31, 2015, Ruiz Company had 600,000 ordinary shares issued and outstanding, 400,000 of which had
Question:
At December 31, 2015, Ruiz Company had 600,000 ordinary shares issued and outstanding, 400,000 of which had been issued and outstanding throughout the year and 200,000 of which were issued on October 1, 2015. Net income for 2015 was R$1,750,000, and dividends declared on preference shares were R$400,000. Compute Ruiz’s earnings per ordinary share.
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To compute Ruiz Companys earnings per ordinary share we need to find the weighted average number of ...View the full answer
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Related Book For 
Intermediate Accounting IFRS Edition
ISBN: 9781118443965
2nd Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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