Question
Woof Woof Inc. had net income for the year of $400,000 and payed preferred dividends of $25,000. On January 1st, the company had 10,000 shares
Woof Woof Inc. had net income for the year of $400,000 and payed preferred dividends of $25,000. On January 1st, the company had 10,000 shares of common stock outstanding. Then, on April 1st, 2 the company issued another 2,000 shares. On August 1st, the company then issued 4,000 more shares. Finally on November 1st, the company repurchased 1,000 shares.
Calculate the basic earnings per share for Woof Woof Inc.
Woof Woof Inc. had net income for the year of $400,000 and payed preferred dividends of $25,000. On January 1st, the company had 10,000 shares of common stock outstanding. Then, on April 1st, 2 the company issued another 2,000 shares. On August 1st, the company then issued 4,000 more shares. Finally on November 1st, the company repurchased 1,000 shares.
Calculate the basic earnings per share for Woof Woof Inc.
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Cima Official Exam Practice Kit Test Of Professional Competence In Management Accounting 2008 Edition
Authors: Geoffrey Little
4th Edition
0750686804, 978-0750686808
