Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i will give thumbs up for both please !! A company had 20,000 shares outstanding on January 1. They issued 5,098 shares on May 31.

i will give thumbs up for both please !!
image text in transcribed
A company had 20,000 shares outstanding on January 1. They issued 5,098 shares on May 31. And on August 31, 5.765 shares were purchased as treasury stock. Calculate the weighted average number of shares outstanding for the year to the nearest whole number. Question 14 2 pts The company earned net income of $212.940 and had 1,000 shares of $30 par 6% preferred shares of stock outstanding. Preferred stock dividends were paid. If the weighted average number of common shares was 231,555, state the earnings per share in decimal form rounded to the nearest two decimals. (For example, if the EPS was $1.16, then write 1.16 as your answer.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Integrated Reporting And Audit Quality An Empirical Analysis In The European Setting

Authors: Chiara Demartini, Sara Trucco

1st Edition

3319488252, 9783319488257

More Books

Students also viewed these Accounting questions

Question

What information is needed to calculate annual depreciation?

Answered: 1 week ago

Question

Discuss about training and development in India?

Answered: 1 week ago

Question

Explain the various techniques of training and development.

Answered: 1 week ago

Question

Explain the various techniques of Management Development.

Answered: 1 week ago