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Open Door Inc. has $395,000 of income in 2020. During that same time it declared preferred dividends in the amount of $29,000. The following activities
Open Door Inc. has $395,000 of income in 2020. During that same time it declared preferred dividends in the amount of $29,000. The following activities affecting common shares occurred during the year: Jan. 1 130,000 common shares were outstanding Aug. 1 Sold 43,000 common shares Sep. 1 Issued a 15 percent common stock dividend 1. Calculate the weighted average number of common shares outstanding during the year. 2. Calculate earnings per share. TIC TICSICSE WIIVIC TITUCI.) Weighted average number of common Transaction shares outstanding Jan. 1 Aug. 1 Sep. 1 Total
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