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At the beginning of 2023, Barnes & Noble had 240,000 shares of $5 par value common stock outstanding. On August 1, Barnes & Noble issued anoth addition, you are given the following portion of Barnes & Noble's 12/31/2023 Stockholders' Equity section of its Balance Sheet: Preferred Stock (4%, $10 par, 72,000 shares issued and outstanding) $720,000 Calculate Barnes & Noble's Earnings per Share for 2023 (round to the nearest cent).

At the beginning of 2023, Barnes & Noble had 240,000 shares of $5 par value common stock outstanding. On August 1, Barnes & Noble issued anoth addition, you are given the following portion of Barnes & Noble's 12/31/2023 Stockholders' Equity section of its Balance Sheet: Preferred Stock (4%, $10 par, 72,000 shares issued and outstanding) $720,000 Calculate Barnes & Noble's Earnings per Share for 2023 (round to the nearest cent).

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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At the beginning of 2023, Barnes & Noble had 240,000 shares of $5 par value common stock outstanding. On August 1, Barnes & Noble issued another 120,000 shares. The Company's 2023 Net Income was $524,000. In addition, you are given the following portion of Barnes & Noble's 12/31/2023 Stockholders' Equity section of its Balance Sheet: Preferred Stock ( 4%, $10 par, 72,000 shares issued and outstanding) $720,000 Calculate Barnes & Noble's Earnings per Share for 2023 (round to the nearest cent). Select one: O a. $1.81 b. $1.71 c. $1.46 d. $2.06 e. $1.38
Transcribed Image Text:At the beginning of 2023, Barnes & Noble had 240,000 shares of $5 par value common stock outstanding. On August 1, Barnes & Noble issued another 120,000 shares. The Company's 2023 Net Income was $524,000. In addition, you are given the following portion of Barnes & Noble's 12/31/2023 Stockholders' Equity section of its Balance Sheet: Preferred Stock ( 4%, $10 par, 72,000 shares issued and outstanding) $720,000 Calculate Barnes & Noble's Earnings per Share for 2023 (round to the nearest cent). Select one: O a. $1.81 b. $1.71 c. $1.46 d. $2.06 e. $1.38
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