Question
Culver Inc. presented the following data. Net income$2,350,000Preferred stock:46,000shares outstanding,$100 par,8% cumulative, not convertible4,600,000Common stock: Shares outstanding 1/1778,800Issued for cash, 5/1330,000Acquired treasury stock for cash,
Culver Inc. presented the following data.
Net income$2,350,000Preferred stock:46,000shares outstanding,$100 par,8% cumulative, not convertible4,600,000Common stock: Shares outstanding 1/1778,800Issued for cash, 5/1330,000Acquired treasury stock for cash, 8/1153,6002-for-1 stock split, 10/1
Compute earnings per share.(Round answer to 2 decimal places, e.g. $2.55.)
Earnings per share$
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Fundamental Accounting Principles Volume 1
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
15th Canadian Edition
