Question
3 (10 Points): A1, B1, D3 On Jan 1, 2020 Alaa Cor. had 200,000 shares of common stock outstanding. During 2020, it had the following
3 (10 Points): A1, B1, D3 On Jan 1, 2020 Alaa Cor. had 200,000 shares of common stock outstanding. During 2020, it had the following transactions that affected the common stock account: March April 1: Issued 30,000 Shares. 1: Issued a 10% stock dividend. September 1: Acquired 50,000 share of treasury stock. November 1: Issued a 2-for-1 stock split. December 1: Reissued 30,000 shares of treasury stock. Instructions: 1- Determine the weighted-average number of shares outstanding as of December 31, 2020. 2- Assume the net income of the company is $5000,000 and the preferred dividends 3%. Compute EPS
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