affected the ordinary shares February 1issued 120, 000 shares March 1issued a 20% share dividend May 1acquired 100,000 treasury shares June 1issued a 3-for-1 split October 1reissued 60,000 treasury shares The net income was 5, 000, 000 and the entity did not declare dividend on preference shares What amount should be reported as basic eamings per

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.