where did you get the no of shares from =12
Preparation of Income Statement : Hargenrater began operation... help me on income statement only. adjusted income stm not unad/usted Brothers Herm and... help me on income statement only.. ad/usted income stm not unadjusted Brothers Herm and... Brothers Herm and Steve Hargenrater began operations of their tool and die shop IC (H)... Please correct the errors I recelved. Brothers Herm and Steve. Hargenrater began operations... For Each, General Ledger, Trial Explanation: Earning per share = Net income / No. of shares =12$41=$3.42 Reminders now PPF sign and visa interview questions help me on income statement only.. adjusted income stm not unadjusted Brothess Herm and Sheve Hargenater began operations of their tool and die shop (H \& H Toop on January 1, 1987, in Meadwile, PA The annial reporting period ends December 31 . Assume that the trial balance on Jaruary 1, 2023, was as folkows: Trarsactions during 2023 follow, All dollats are in milions, except per shate amouns: a. Eorrowid $15 casti on a five-year, 8 percent note payable, dated March 1, 2023. b. Sold 4 milion additional shares of common stock for cash at $1 market value per share on January 1,2023 Transactions duing 2023 follow. All dollars are in millions, except per share anounts: a. Borrownd 515 cash on a five-ycar, 8 percent note payable, dated March 1,2023. b. Sold 4 milion additional shares of common stock for cash at $1 market value per share on January 1,2023 . c. Purchased land for a future bulding site, paid cash, $13. d. Earned $215 in revenues for 2023 , including $52 on credit and the rest in cash. e. Incarred $89 in wages expense and $25 in miscellaneous expenses for 2023 , with $20 on credit and the itest paid in cash c. Colsected accounts fecelvable, $34. 9. Purchased other noncurrent assets, $15 cash. Iransactions during 2023 follow. Al dollars are in millons, exept per share amounts: a. Borroived $15 cashi on a fiveyear, 8 percent note payable, dated March 1,2023 . b. Sold 4 million additional shares of common stock for cash at $1 market value per share on Januacy 1, 2023 c. Purchased land for a future bullding site, paid cash, $13. Transactions duricg 2023 follow. NI dollars are in millions, except per share amounts: a. Borrowicd $15 cash on a five-year, 8 percent note puyable, dated March 1, 2023 b. Sold 4 mition additional shares of common sfock for cash at $1 market value per share on January 1, 2023 c. Purchased land for a future butiling site; paid cash, \$13. d. Earned $215 in revenues for 2022 , including $52 on credit and the rest in cash. e. Incurred $89 in wages expense and $25 in miscellaneous expenses for 2023 , with $20 on credit and the iest paid in cash. t. Collected accounts recelvable, $34 9. Purchased other noncurrent assets, $15 cash. h. Purchased supplies on account for future use, \$27. L. Paid accounts payoble, $26. 1. Declared cash dividends on December 1,$25 k. Signed a three-year $33 service contract to start February 1, 2024 1. Paid the dividends in (A on December 3t. Data for adfusting entries (amounts in mallions): m. Supplies counted on December 31, 2023, \$18. a, Depreciation for the year on the equipment, $10. o. Interest accrued on notes payable (to be computed). p. Wages earned by eriployees since the December 24 payoll but not yot paid, $16. q. Incone tax experse. $11, payable in 2024. compute eamings por share. The unadjusted or adjusted balances will appear for each account, based on your selectlon in the droprdowns. Note: Roand your Earnings per shore answer to 2 decimal ploces, Enter your anwers in millions rather than in dallars (for exampie, 5 militon should be entered as 5 mather than 5,000,000 )
