Question #3: McDonald Enterprises Corporation had 28,000 common shares outstanding at the start of 2023. On April

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Question #3: McDonald Enterprises Corporation had 28,000 common shares outstanding at the start of 2023. On April 1, the company sold an additional 6,000 shares. On July 1, they retired 1,000 shares and on September 1, the company's board declared a 4-for-1 stock split. Next income for 2023 was $648,550 and preferred shareholders received dividens of $129,000. McDonald Enterprises Corporation has a December 31 year-end

REQUIRED: Calculate the Earnings Per Share for 2023.

Posted Date: Jun 25, 2024 11:05 AM

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Question #3: McDonald Enterprises Corporation had 28,000 common shares outstanding at the start of 2023. On April

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