At December 31, 2024, Vaughn Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 109,101 shares Common stock, $5 par, 4,021,360 shares During 2025, Vaughn did not issue any additional common stock. The following also occurred during 2025. Income from continuing operations before taxes Discontinued operations (loss before taxes) $10,910,100 20,106,800 Preferred dividends declared Common dividends declared Effective tax rate $23,507,100 3,330,000 1,091,010 2,082,400 35% Compute earnings per share data as it should appear in the 2025 income statement of Vaughn Corporation. (Round answers to decimal places, e.g. 1.48.)
At December 31, 2024, Vaughn Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 109,101 shares Common stock, $5 par, 4,021,360 shares During 2025, Vaughn did not issue any additional common stock. The following also occurred during 2025. Income from continuing operations before taxes Discontinued operations (loss before taxes) $10,910,100 20,106,800 Preferred dividends declared Common dividends declared Effective tax rate $23,507,100 3,330,000 1,091,010 2,082,400 35% Compute earnings per share data as it should appear in the 2025 income statement of Vaughn Corporation. (Round answers to decimal places, e.g. 1.48.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Compute the earnings per share data as it should appear on an income statement.
Transcribed Image Text:At December 31, 2024, Vaughn Corporation had the following stock outstanding.
10% cumulative preferred stock, $100 par, 109,101 shares
Common stock, $5 par, 4,021,360 shares
$10,910,100
20,106,800
During 2025, Vaughn did not issue any additional common stock. The following also occurred during 2025.
Income from continuing operations before taxes
Discontinued operations (loss before taxes)
Preferred dividends declared
Common dividends declared
Effective tax rate
$23,507,100
3,330,000
1,091,010
2,082,400
35%
Compute earnings per share data as it should appear in the 2025 income statement of Vaughn Corporation. (Round answers to 2
decimal places, e.g. 1.48.)
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