Question
Sheffield Corp. provides the following data for calendar 2023 Net Income $2,390,000 Transactions in Common Shares Change Cumulative Jan. 1 beginning 1,050,000 Mar. 1 purchase
Sheffield Corp. provides the following data for calendar 2023
| Net Income | $2,390,000 | ||||
| Transactions in Common Shares | Change | Cumulative | |||
|---|---|---|---|---|---|
| Jan. 1 | beginning | 1,050,000 | |||
| Mar. 1 | purchase of treasury shares | (63,000) | 987,000 | ||
| Jun. 1 | shares split 2 for 1 | 987,000 | 1,974,000 | ||
| Nov. 1 | issuance of new shares | 122,000 | 2,096,000 | ||
| 8% Cumulative Convertible Preferred Shares (no par) | |
| Convertible into 197,000 common shares adjusted for split on June 1 | $985,000 |
| Stock Options | |
| Exercisable at the option price of $24 per share. | |
| Average market price in 2023 was $32 (market price and option price adjusted for split). | $63,000 |
(a)
Calculate basic earnings per share for 2023. (Round intermediate calculation to 0 decimal places, e.g. 1,525. and final answer to 2 decimal places, e.g. 15.25.)
| Basic earnings per share | $enter the basic earnings per share in dollars rounded to 2 decimal places |
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A Guide To The National Initiative For Cybersecurity Education NICE Cybersecurity Workforce Framework 2.0 Internal Audit And IT Audit
Authors: Dan Shoemaker, Anne Kohnke, Ken Sigler
1st Edition
0367658623, 978-0367658625
