Question
Problem Earnings Per Share (10 Points) At December 31, 2014, Hancock Company had 500,000 shares of common stock issued and outstanding, 400,000 of which had
Problem Earnings Per Share (10 Points)
At December 31, 2014, Hancock Company had 500,000 shares of common stock issued and outstanding, 400,000 of which had been issued and outstanding throughout the year and 100,000 of which were issued on October 1, 2014. Net income for the year ended December 31, 2014, was $1,360,000. What should be Hancock's 2014 earnings per common share, rounded to the nearest penny?
| Date | Increase (Decrease) | Outstanding | Months Outstanding | Adjustment for Split | Share Months |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total | 12 |
|
|
Weighted Avg. =
EPS =
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Challenges In Advanced Management Accounting
Authors: The Open University
1st.0th Edition
B01D8X506Y
