Question
Current Attempt in Progress Blossom Realty Ltd. is a land developer with a calendar year end. When Blossom needs capital to buy land, it often
Current Attempt in Progress Blossom Realty Ltd. is a land developer with a calendar year end. When Blossom needs capital to buy land, it often issues common shares, and once cash is obtained on large land sales, shares are often repurchased. Profit for the year ended December 31, 2024, was $860,548. Blossom's board of directors declared and paid the annual dividend to its preferred shareholders. Blossom reported the following information related to its shareholders' equity on January 1, 2024. $2 cumulative preferred shares, unlimited number of shares authorized, 113,230 shares issued $4,400,000 Common shares, unlimited number of shares authorized, 550,000 shares issued 3,322,000 Contributed surplus-reacquisition of common shares Retained earnings Common shares issuances and reacquisitions were as follows for 2024. Feb. 1 May 31 July 31 Nov. 1 Dec 1 Issued 25,200 shares Reacquired 20,400 shares Issued 36,000 shares Issued 9,600 shares Reacquired 27.600 shares Q Search (DOLL 21,000 5,254,000 0 Calculate weighted average common share of 2024 Calcualte the earning per share for Blossom
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