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Net income $2,670,000 Preferred stock:54,000shares outstanding,$100 par,8% cumulative, not convertible 5,400,000 Common stock: Shares outstanding 1/1 712,800 Issued for cash, 5/1 272,400 Acquired treasury stock
| Net income | $2,670,000 |
| Preferred stock:54,000shares outstanding,$100 par,8% cumulative, not convertible | 5,400,000 |
| Common stock: Shares outstanding 1/1 | 712,800 |
| Issued for cash, 5/1 | 272,400 |
| Acquired treasury stock for cash, 8/1 | 148,800 |
| 2-for-1 stock split, 10/1 |
Compute earnings per share
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College Accounting Chapters 1-12
Authors: Douglas McQuaig
10th Edition
1439038783, 978-1439038789
