On January 1, 2020, Sheridan Ltd. had 528,000 common shares outstanding. During 2020, it had the following transactions that affected the common share account:

Feb. 1 Issued 174,000 shares. Mar. 1 Issued a 18% stock dividend. May 1 Acquired 197,000 common shares and retired them. June 1 Issued a 3-for-1 stock split. Oct. 1 Issued 55,000 shares.

The companys year-end is December 31.

Determine the weighted average number of shares outstanding as of December 31,2020

a weighted average of shares outstanding shares.

Assume that Sheridan earned net income of $ 3,416,000 during 2020. In addition, it had 120,000 of 7%, $ 100 par, non-convertible, noncumulative 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

Earning per share

Assume that Sheridan earned net income of $ 3,416,000 during 2020. In addition, it had 120,000 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.

Earning per share

Assume that Sheridan earned net income of $ 3,416,000 during 2020. In addition, it had 120,000 of 7%, $ 100 par, non-convertible, noncumulative 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 $ 451,000, net of applicable income taxes.

Calculate earnings per share for 2020

Income for continuing operations

Loss from discontinued operations

Net Income

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