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Compute earnings per share data as it should appear on the income statement of Blue Spruce Corporation. The stockholders' equity section of Blue Spruce Corp,
Compute earnings per share data as it should appear on the income statement of Blue Spruce Corporation.
The stockholders' equity section of Blue Spruce Corp, as of December 31, 2017 is as follows: 9% preferred stock, $100 par value, authorized 100,000 shares, outstanding 62,000 shares Common stock, $1 par, authorized and issued 6,300,000 shares Additional paid-in capital Retained earnings $6,200,000 6,300,000 78,400,000 406,600,000 $497,500,000 Net income was $14,240,000 in 2017. This net income figure reflects a total effective tax rate of 35%. Included in the net income figure is a $5,000,000 (before tax) loss from an earthquake centered in a city where Blue Spruce has a warehouse. Earthquakes are rare in that city. Preferred stock dividends of $558,000 were declared and paid in 2017. Blue Spruce Corp. declared and paid dividends of $3,030,000 to common stockholders in 2017. Compute earnings per share data as it should appear on the income statement of Blue Spruce Corporation. (Round answers to 2 decimal places, e.g. 1.48.) Earnings Per Share Net Income /(Loss) $ The stockholders' equity section of Blue Spruce Corp, as of December 31, 2017 is as follows: 9% preferred stock, $100 par value, authorized 100,000 shares, outstanding 62,000 shares Common stock, $1 par, authorized and issued 6,300,000 shares Additional paid-in capital Retained earnings $6,200,000 6,300,000 78,400,000 406,600,000 $497,500,000 Net income was $14,240,000 in 2017. This net income figure reflects a total effective tax rate of 35%. Included in the net income figure is a $5,000,000 (before tax) loss from an earthquake centered in a city where Blue Spruce has a warehouse. Earthquakes are rare in that city. Preferred stock dividends of $558,000 were declared and paid in 2017. Blue Spruce Corp. declared and paid dividends of $3,030,000 to common stockholders in 2017. Compute earnings per share data as it should appear on the income statement of Blue Spruce Corporation. (Round answers to 2 decimal places, e.g. 1.48.) Earnings Per Share Net Income /(Loss) $Step by Step Solution
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