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On January 1, 2023, Sandhill Ltd. had 600,000 common shares outstanding. During 2023, it had the following transactions that affected the common share account: Feb.
On January 1, 2023, Sandhill Ltd. had 600,000 common shares outstanding. During 2023, it had the following transactions that affected the common share account: Feb. 1 Issued 180,000 shares Mar. 1 Issued a 10% stock dividend May 1 Acquired 201,000 common shares and retired them June 1 Issued a 3-for-1 stock split Oct. 1 Issued 60,000 shares The company's year end is December 31. Determine the weighted average number of shares outstanding as at December 31, 2023. (Round answer to O decimal places, e.g. 5,275.) Weighted average number of shares outstanding eTextbook and Media shares Assume that Sandhill earned net income of $4,916,250 during 2023. In addition, it had 120,000 of 8%, $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 2023. Calculate earnings per share for 2023, using the weighted average number of shares determined above. (Round answer to 2 decimal places, e.g. 15.25.) Earnings per share $ eTextbook and Media Assume that Sandhill earned net income of $4,916,250 during 2023. In addition, it had 120,000 of 8%, $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 2023. Calculate earnings per share for 2023 using the weighted average number of shares determined above. (Round answer to 2 decimal places, e.g. 15.25.) Earnings per share $ eTextbook and Media Assume that Sandhill earned net income of $4,916,250 during 2023. In addition, it had 120,000 of 8%, $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 2023. Assume that net income included a loss from discontinued operations of $235,125, net of applicable income tax. Calculate earnings per share for 2023. (Round answers to 2 decimal places, e.g. 15.25. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Income from continuing operations Loss from discontinued operations Net income eTextbook and Media Earnings per share
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