At December 31, 2019, MarigoldCorporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 109,415 shares $10,941,500 Common stock, $5 par, 4,029,120 shares 20,145,600 During 2020, Marigold did not issue any additional common stock. The following also occurred during 2020. Income from continuing operations before taxes $22,864,700 Discontinued operations (loss before taxes) $3,429,100 Preferred dividends declared $1,094,150 Common dividends declared $2,185,000 Effective tax rate 35 % Compute earnings per share data as it should appear in the 2020 income statement of Marigold Corporation. (Round answers to 2 decimal places, e.g. 1.48.) Earnings Per Share select an item $enter a dollar amount select an item enter a dollar amount select a closing name $enter a total amount
At December 31, 2019, MarigoldCorporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 109,415 shares $10,941,500 Common stock, $5 par, 4,029,120 shares 20,145,600 During 2020, Marigold did not issue any additional common stock. The following also occurred during 2020. Income from continuing operations before taxes $22,864,700 Discontinued operations (loss before taxes) $3,429,100 Preferred dividends declared $1,094,150 Common dividends declared $2,185,000 Effective tax rate 35 % Compute earnings per share data as it should appear in the 2020 income statement of Marigold Corporation. (Round answers to 2 decimal places, e.g. 1.48.) Earnings Per Share select an item $enter a dollar amount select an item enter a dollar amount select a closing name $enter a total amount
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 10MC
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Question
At December 31, 2019, MarigoldCorporation had the following stock outstanding.
| 10% cumulative |
$10,941,500 | |
| Common stock, $5 par, 4,029,120 shares | 20,145,600 |
During 2020, Marigold did not issue any additional common stock. The following also occurred during 2020.
| Income from continuing operations before taxes | $22,864,700 | ||
| Discontinued operations (loss before taxes) | $3,429,100 | ||
| Preferred dividends declared | $1,094,150 | ||
| Common dividends declared | $2,185,000 | ||
| Effective tax rate | 35 | % |
Compute earnings per share data as it should appear in the 2020 income statement of Marigold Corporation. (Round answers to 2 decimal places, e.g. 1.48.)
|
Earnings Per Share
|
||
|---|---|---|
|
select an item
|
$enter a dollar amount
|
|
|
select an item
|
enter a dollar amount
|
|
|
select a closing name
|
$enter a total amount
|
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