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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![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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