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On December 31, 2023, Ivanhoe Corporation had 8,000, $2 preferred shares and 92,800 common shares issued. During 2024, the company completed the following share transactions
On December 31, 2023, Ivanhoe Corporation had 8,000, $2 preferred shares and 92,800 common shares issued. During 2024, the company completed the following share transactions Apr. 1 Sold 11.600 common shares for $8,000 cash Sept. 30 Reacquired 6,000 common shares for $2.000 cash. Ivanhoe's proft in 2024 was $460,000. Calculate the weighted average number of common shares for 2024. Weighted average number of shares Question Part Score Calculate earnings per share under each of the following independent assumptions: 1 2. Preferred shares are cumulative and dividends were 00 declared (0) not declared. Preferred shares are noncumulative and dividends were 01) declared. (not declared. (Round answers to 2 decimal places, eg. 5.76) 1 0) Earnings per share $ (1) Earnings per share $ 2 Earnings per share $ (i) Earnings per share $ -/2
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