Question
Presented below is information related to Oriole Company. 1.Net Income [including a discontinued operations gain (net of tax) of $96,000]$287,0002. Capital Structurea.Cumulative 5% preferred stock,
Presented below is information related to Oriole Company.
1.Net Income [including a discontinued operations gain (net of tax) of $96,000]$287,0002.
Capital Structurea.Cumulative 5% preferred stock, $100 par, 6,200 shares issued and outstanding$620,000
b.$10 par common stock, 74,000 shares outstanding on January 1. On April 1, 40,000 shares were issued for cash. On October 1, 16,000 shares were purchased and retired.$1,000,000
c.On January 2 of the current year, Oriole purchased Oslo Corporation. One of the terms of the purchase was that if Oslo net income for the following year is $240,000 or more, 60,000 additional shares would be issued to Oslo stockholders next year.Oslo's net income for the current year was $2,600,000.3.Other Information
a.Average market price per share of common stock during entire year$30
b.Income tax rate
help find weighted average number of shares which I got 100000. and find basic eps which i got 2.56 and diluted eps which I got 1.6 are these correct?
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