Question
3. Net income was $358,300 for the year. Throughout the year the company had outstanding 27,000 shares of $3.00, $50 par value preferred stock and
3.
Net income was $358,300 for the year. Throughout the year the company had outstanding 27,000 shares of $3.00, $50 par value preferred stock and 118,000 shares of common stock.
| Required: |
| Calculate basic earnings per share of common stock for the year. |
|
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____________________________________ ________________________
____________________________________ ________________________
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Earnings Per Share-Basic: ________________________ |
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Introduction to Managerial Accounting
Authors: Peter C. Brewer, Ray H. Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan
5th Canadian edition
77429494, 1259105709, 1260480798, 978-1259105708
