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Hi! I need help for this problem. Thank you! P 15-12 On December 31, 2020, DW Steel Corporation had 600,000 ordinary shares and 300,000 8%,
Hi! I need help for this problem. Thank you!
P 15-12 On December 31, 2020, DW Steel Corporation had 600,000 ordinary shares and 300,000 8\%, nonEPS; nonconvertible cumulative, nonconvertible preference shares issued and outstanding. DW issued a 4% bonus issue preference shares; on ordinary shares on May 15 and paid cash dividends of $400,000 and $75,000 to ordinary and treasury shares; preference shareholders, respectively, on December 15, 2021. shares issued; On February 28, 2021, DW issued 60,000 ordinary shares. In keeping with its long-term bonus issue share repurchase plan, 2,000 shares were retired on July 1. DW's net income for the year ended O Lo15-4 through December 31,2021 , was $2,100,000. The income tax rate is 20%. LO15-7 Required: Compute DW's earnings per share for the year ended December 31, 2021Step by Step Solution
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