Question
Sarasota Inc. presented the following data. Net income $2,530,000 Preferred stock: (47,000 shares outstanding, $100 par, 8% cumulative, not convertible) 4,700,000 Common stock: Shares outstanding
Sarasota Inc. presented the following data.
Net income $2,530,000
Preferred stock: (47,000 shares outstanding, $100 par, 8% cumulative, not convertible) 4,700,000
Common stock: Shares outstanding 1/1 777,600
Issued for cash, 5/1 308,400
Acquired treasury stock for cash, 8/1 146,400
2-for-1 stock split, 10/1
Compute earnings per share.
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How To Avoid IRS Audits
Authors: Victor S. Sy, CPA, MBA, Allana Santos, Roger Oriel, Louie Gajardo, Malou Aguilar Bledsoe, RJ Oriel, Mark Xavier Bautista, Kenno Samulde, Morton D Rosenthal Esq.
1st Edition
1530746477, 978-1530746477
