Ahnberg corporation had 760,000 shares of common stock and issued and outstanding at january 1. no common shares were issued during the year, but on january 1, ahnberg issued 380,000 shares of convertible perferred stock. the preferred shares are convertible into 760,000 shares of common stock. during the year ahnberg paid 228,000 cash dividends on the preferred stock. Net income was 3,040,000. what were ahnberg's basic and diluted earning per share for the year?
Ahnberg corporation had 760,000 shares of common stock and issued and outstanding at january 1. no common shares were issued during the year, but on january 1, ahnberg issued 380,000 shares of convertible perferred stock. the preferred shares are convertible into 760,000 shares of common stock. during the year ahnberg paid 228,000 cash dividends on the preferred stock. Net income was 3,040,000. what were ahnberg's basic and diluted earning per share for the year?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Ahnberg corporation had 760,000 shares of common stock and issued and outstanding at january 1. no common shares were issued during the year, but on january 1, ahnberg issued 380,000 shares of convertible perferred stock. the
what were ahnberg's basic and diluted earning per share for the year?
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