Question
Horticultural Products Inc. reported $545,863 profit in 2020 and declared preferred dividends of $47,200. The following changes in common shares outstanding occurred during the year.
Horticultural Products Inc. reported $545,863 profit in 2020 and declared preferred dividends of $47,200. The following changes in common shares outstanding occurred during the year.
Jan. 1 39,000 common shares were outstanding.
Mar. 1 Declared and issued a 30% common share dividend.
Aug. 1 Sold 20,000 common shares.
Nov. 1 Sold 40,000 common shares.
Find the Weighted-Average Share of outstanding shares, and the earnings-per-share.
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Management Accounting
Authors: John Burns, Martin Quinn, Liz Warren, João Oliveira
1st Edition
0077121619, 978-0077121617
