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On January 1, 2018, Carla Corp. had 497,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock
On January 1, 2018, Carla Corp. had 497,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account. February 1 ssued 114,000 shares March 1 May 1 une 1 October 1 ssued 61,000 shares of treasury stock Issued a 10% stock dividend Acquired 102,000 shares of treasury stock Issued a 3-for-1 stock split Determine the weighted-average number of shares outstanding as of December 31, 2018. The weighted-average number of shares outstanding Assume that Carla Corp. earned net income of $3,601,000 during 2018. In addition, it had 95,000 shares of 9%, $100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2018. Compute earnings per share for 2018, using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. $2.55.) Earnings Per Share Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.55.) Earnings Per Share Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $425,000 (net of tax). Compute earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.55.) Carla Corp. Income Statement Click if you would like to Show Work for this question: Open Show Work
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