Question
On December 31, 2023, Berclair Incorporated had 260 million shares of common stock and 6 million shares of 9%, $100 par value cumulative preferred stock
On December 31, 2023, Berclair Incorporated had 260 million shares of common stock and 6 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding.
- On March 1, 2024, Berclair purchased 42 million shares of its common stock as treasury stock.
- Berclair issued a 5% common stock dividend on July 1, 2024.
- Seven million treasury shares were sold on October 1.
- Net income for the year ended December 31, 2024, was $300 million
Compute Berclair's earnings per share for the year ended December 31, 2024.
Numerator / Denominator = EPS ????
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