{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-28T04:04:38-04:00", "answer_date": "2024-05-28 04:04:38", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1817333", "url": "\/study-help\/questions\/ahnberg-corporation-had-740000-shares-of-common-stock-issued-and-1817333", "question_creation_date_js": "2024-05-28T04:04:38-04:00", "question_creation_date": "May 28, 2024 04:04 AM", "meta_title": "[Solved] Ahnberg Corporation had 740,000 shares of | SolutionInn", "meta_description": "Answer of - Ahnberg Corporation had 740,000 shares of common stock issued and outstanding at January 1. No common shares were issu | SolutionInn", "meta_keywords": "ahnberg,corporation,740,000,shares,common,stock,issued,outstanding,january,1,year,360,000", "question_title_h1": " Ahnberg Corporation had 740,000 shares of common stock issued and outstanding at January 1. No common shares were issued during the year, but on", "question_title": " Ahnberg Corporation had 740,000 shares of common stock issued and outstanding", "question_title_for_js_snippet": "Ahnberg Corporation had 740,000 shares of common stock issued and outstanding at January 1 No common shares were issued during the year, but on January 1, Ahnberg issued 360,000 shares of convertible preferred stock The preferred shares are convertible into 720,000 shares of common stock During the year Ahnberg paid $216,000 cash dividends on the preferred stock Net income was $2,806,000 What were Ahnberg's basic and diluted earnings per share for the year (Round your answers to 2 decimal places ) Answer is complete but not entirely correct Basic EPS S 3 50 Diluted EPS S 2 55", "question_description": "\"image", "transcribed_text": "Ahnberg Corporation had 740,000 shares of common stock issued and outstanding at January 1. No common shares were issued during the year, but on January 1, Ahnberg issued 360,000 shares of convertible preferred stock. The preferred shares are convertible into 720,000 shares of common stock. During the year Ahnberg paid $216,000 cash dividends on the preferred stock. Net income was $2,806,000. What were Ahnberg's basic and diluted earnings per share for the year? (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Basic EPS S 3.50 Diluted EPS S 2.55", "related_book": { "title": "Fundamentals of Cost Accounting", "isbn": "78025524, 978-0078025525", "edition": "4th edition", "authors": "William Lanen, Shannon Anderson, Michael Maher", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/269.jpg", "uri": "\/textbooks\/fundamentals-of-cost-accounting-4th-edition-269", "see_more_uri": "" }, "free_related_book": { "isbn": "1288665369", "uri": "\/textbooks\/federal-crop-insurance-background-and-issues-1st-edition-978-1288665365-189365", "name": "Federal Crop Insurance Background And Issues", "edition": "1st Edition" }, "question_posted": "2024-05-28 04:04:38", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/which-statement-about-the-passbyreference-is-not-true-aevery-time-701831", "description": "Which statement about the pass-by-reference is NOT true? a.Every time you pass a reference variable to a method, you also pass the object referred by the refenerece variable to the method. b.In the...", "stars": 3.5 }, { "url": "\/what-legal-responsibilities-do-employers-have-regarding-unions-what-are", "description": "What legal responsibilities do employers have regarding unions? 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