Question
Net income $2,350,000, Preferred stock: 52,000 shares outstanding, $100 par, 9% cumulative, not convertible 5,200,000 Common stock: Shares outstanding 1/1 686,400 Issued for cash, 5/1
Net income $2,350,000, Preferred stock: 52,000 shares outstanding, $100 par, 9% cumulative, not convertible 5,200,000
Common stock: Shares outstanding 1/1 686,400
Issued for cash, 5/1 270,000
Acquired treasury stock for cash, 8/1 148,800
2-for-1 stock split, 10/1
Compute earnings per share:
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
18th Edition
9781119790976
