On December 3 1 , 2 0 2 3 , Berclalr Incorporated had 5 2 0 million shares of common stock and 5 million shares of 9 , $ 1 0 0 par value cumulatlve preferred stock Issued and outstanding On March 1 , 2 0 2 4 , Berclalr purchased 3 0 million shares of its common stock as treasury stock Berclair issued a 5 common stock dividend on July 1 , 2 0 2 4 Five million treasury shares were sold on October 1 Net Income for the year ended December 3 1 , 2 0 2 4 , was $ 9 5 0 million Required Compute Berclalr's earnings per share for the year ended December 3 1 , 2 0 2 4 Note Do not round intermediate calculations Enter your answers in millions ( i e , 1 0 , 0 0 0 , 0 0 0 should be entered as 1 0 )

Question

On December 3 1 , 2 0 2 3 , Berclalr Incorporated had 5 2 0 million shares of common stock and 5 million shares of 9   , $ 1 0 0 par value cumulatlve preferred stock Issued and outstanding  On March 1 , 2 0 2 4 , Berclalr purchased 3 0 million shares of its common stock as treasury stock  Berclair issued a 5   common stock dividend on July 1 , 2 0 2 4   Five million treasury shares were sold on October 1   Net Income for the year ended December 3 1 , 2 0 2 4 , was $ 9 5 0 million  Required  Compute Berclalr's earnings per share for the year ended December 3 1 , 2 0 2 4   Note  Do not round intermediate calculations  Enter your answers in millions ( i   e   , 1 0 , 0 0 0 , 0 0 0 should be entered as 1 0 )

Accepted Answer

The Answer is in the image, click to view ...

Question

On December 3 1 , 2 0 2 3 , Berclalr Incorporated had 5 2 0 million shares of common stock and 5 million shares

Step by Step Solution

Step: 1

Get Instant Access with AI-Powered Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Students also viewed these Accounting questions

Question

Question

Question

Question

Question

Question

Question

Question

Question