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Marigold Corp. had 2450000 shares of common stock outstanding on January 1 and December 31, 2021. In connection with the acquisition of a subsidiary company
Marigold Corp. had 2450000 shares of common stock outstanding on January 1 and December 31, 2021. In connection with the acquisition of a subsidiary company in June 2020, Marigold is required to issue 110000 additional shares of its common stock on July 1, 2022, to the former owners of the subsidiary. Marigold paid $210000 in preferred stock dividends in 2021, and reported net income of $3470000 for the year. Marigold's diluted earnings per share for 2021 should be (rounded to the nearest penny)
$1.33.
$1.42.
$1.35.
$1.27.
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