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please show clean work On January 1,2021, Pina Corp. had 465,000 shares of commonstock outstanding. During 2021, it had the following transactions that affected the
please show clean work
On January 1,2021, Pina Corp. had 465,000 shares of commonstock outstanding. During 2021, it had the following transactions that affected the Common Stockaccount. (a) Your-answer is correct Determine the weighted-average number of shares outstanding as of December 31.2021. The weighted-average number of shares cutstanding Assume that Pina Corp. earned net income of $3,512,000 during 2021 in addition, it had 99,000 shares of 99,$100 par noncomvertible, noncumulative preferred stock outstanding for the entire year, Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2021. Compute earnings per share for 2021, using the weighted-average number of shares determined in part (a), (Round answer to 2 decimal places, eg. $2.55.) Earnings Per Share Step by Step Solution
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