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need to be solved in 30mins or less Leat Products inc reported $1075049 pratitin 2020 on November 2.2020 it declared and paid the annual preferred
need to be solved in 30mins or less
Leat Products inc reported $1075049 pratitin 2020 on November 2.2020 it declared and paid the annual preferred aividends of 575100. On January 1, 2020, Leaf Products had 78.000 common shares and 45.000 preferred shares outstanding The following transactions changed the number of shares outstanding during the year Feb 1 Mar 1 May 1 Aug 1 Nov 1 Declared and issued a 20% common share dividend Sold 30,000 common shares for cash Sold 10,000 preferred shares for cash Purchased and retired 12,000 common shares Sold 20,000 common shares for cash Required A. What is the amount of profit available for distribution to the common shareholders? B. Calculate the weighted average number of common shares outstanding for the year C. Calculate the earnings pershare for the year Short Answer Logation Step by Step Solution
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