Question
on January 1, 2020, Crane Ltd. had 630,000 common shares outstanding. During 2020, it had the following transactions that affected the common share account: Feb.
on January 1, 2020, Crane Ltd. had 630,000 common shares outstanding. During 2020, it had the following transactions that affected the common share account:
Feb. 1Issued 156,000 shares. Mar. 1Issued a 20% stock dividend. May 1Acquired 180,000 common shares and retired them. June 1Issued a 2-for-1 stock split. Oct. 1Issued 76,000 shares.
The company's year end is December 31.
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Determine the weighted average number of shares outstanding as at December 31, 2020.(Round answer to 0 decimal places, e.g. 5,275.)
Weighted average number of shares outstandingenter the Weighted average number of shares outstanding rounded to 0 decimal places
shares - _______________
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Assume that Crane earned net income of $3,268,000 during 2020. In addition, it had 90,000 of 7%, $100 par, non-convertible, non-cumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2020.
Calculate earnings per share for 2020, using the weighted average number of shares determined above.(Round answer to 2 decimal places, e.g. 15.25.)
Earnings per share$enter Earnings per share in dollars rounded to 2 decimal places ____________
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Assume that Crane earned net income of $3,268,000 during 2020. In addition, it had 90,000 of 7%, $100 par, non-convertible, cumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2020.
Calculate earnings per share for 2020, using the weighted average number of shares determined above.(Round answer to 2 decimal places, e.g. 15.25.)
Earnings per share$enter Earnings per share in dollars rounded to 2 decimal places _________
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Assume that Crane earned net income of $3,268,000 during 2020. In addition, it had 90,000 of 7%, $100 par, non-convertible, non-cumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2020. Assume that net income included a loss from discontinued operations of $469,000, net of applicable income taxes.
Calculate earnings per share for 2020.(Round answers to 2 decimal places, e.g. 15.25.)
Earnings per share
Income from continuing operations ___________
$enter a dollar amount rounded to 2 decimal places
Loss from discontinued operations_______________
$enter a dollar amount rounded to 2 decimal places
Net income________________
$enter a total amount rounded to 2 decimal places
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