b. What is the weighted-average number of common shares for the year? Weighted-average outstanding shares c. What is the earnings per share for the year? (Round the final answer to 2 decimal places.) Earnings per share
b. What is the weighted-average number of common shares for the year? Weighted-average outstanding shares c. What is the earnings per share for the year? (Round the final answer to 2 decimal places.) Earnings per share
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 18E: Monona Company reported net income of 29,975 for 2019. During all of 2019, Monona had 1,000 shares...
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![b. What is the weighted-average number of common shares for the year?
Weighted-average outstanding shares
c. What is the earnings per share for the year? (Round the final answer to 2 decimal places.)
Earnings per share](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F92da90ab-34a9-4e26-91a0-77ef4c57b561%2Fa487f42a-29de-420f-97cc-58b4958bc8e1%2Fis4flsl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:b. What is the weighted-average number of common shares for the year?
Weighted-average outstanding shares
c. What is the earnings per share for the year? (Round the final answer to 2 decimal places.)
Earnings per share
![Pet Boutique Corp, reported $4,365.410 of profit for 2023. On November 2, 2023, it declared and paid the annual preferred dividends
of $283,560 On January 1, 2023, Pet Boutique had 111,410 and 567,000 outstanding preferred and common shares, respectively. The
following transactions changed the number of shares outstanding during the year:
Feb. 1 Declared and issued a 20% common share dividend.
Apr.30
Sold 111,060 common shares for cash.
May 1 Sold 45,550 preferred shares for cash.
Oct. 31 Sold 32,760 common shares for cash.
a. What is the amount of profit available for distribution to the common shareholders?
Earnings available to common shareholders $ 4,081,850
Check my wark
b. What is the weighted-average number of common shares for the year?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F92da90ab-34a9-4e26-91a0-77ef4c57b561%2Fa487f42a-29de-420f-97cc-58b4958bc8e1%2Fpd1dv5d_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Pet Boutique Corp, reported $4,365.410 of profit for 2023. On November 2, 2023, it declared and paid the annual preferred dividends
of $283,560 On January 1, 2023, Pet Boutique had 111,410 and 567,000 outstanding preferred and common shares, respectively. The
following transactions changed the number of shares outstanding during the year:
Feb. 1 Declared and issued a 20% common share dividend.
Apr.30
Sold 111,060 common shares for cash.
May 1 Sold 45,550 preferred shares for cash.
Oct. 31 Sold 32,760 common shares for cash.
a. What is the amount of profit available for distribution to the common shareholders?
Earnings available to common shareholders $ 4,081,850
Check my wark
b. What is the weighted-average number of common shares for the year?
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