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Basic EPS - Question Company G had 80,000 common shares outstanding on January 1, 2018. Transactions throughout 2019 affecting its capital stock follow: January
Basic EPS - Question Company G had 80,000 common shares outstanding on January 1, 2018. Transactions throughout 2019 affecting its capital stock follow: January 1: Company G issued 10,000, $100, cumulative 4% preference shares. March 1: Company G issued 20,000 common shares. April 1: Company G declared and issued a 20% stock dividend on the common shares. July 1: Company G repurchased and cancelled 30,000 common shares. October 1: Company declared and issued a two-for-one stock split on the common shares. Company G s profit for the year ended December 31, 2019, was $350,000. Dividends were neither declared nor paid during the year. Required: Calculate BEPS for 2019.
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