Answered step by step
Verified Expert Solution
Question
1 Approved Answer
4. PT Karawang Timur recognizes 2017 net profit of IDR 80 billion, stock dividends cumulative preference of Rp. 15 billion, with the following share mutations.
4. PT Karawang Timur recognizes 2017 net profit of IDR 80 billion, stock dividends cumulative preference of Rp. 15 billion, with the following share mutations. Transaction date 31 Dec. 2016 Share balance 4,800,000 shares. Standard template for exam question Page 3 of 4 Feb. 1 2017 Sold 700,000 shares of common stock. June 1st. 2017 Distributed 20% share dividend. Sept. 1 2017 Sold 2,400,000 shares of common stock. Nov. 1 2017 Repurchased 1,200,000 shares of common stock. 1 Dec. 2017 Split 4-for-1. Question: Calculate the Earning per Share of PT Karawang Timur. Notes: First calculate Wansho and Net Income allocated for common stockholders
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started