Bay Area Supplies had 60,000 shares of common stock outstanding at January (1. On May 1, Bay Areas Supplies issued 31,500 shares of common stock. Outstanding all year were 30,000 shares of nonconvertible preferred stock on which a dividend of P4 per share was paid in December. Net income for the year was P290,100. Bay Area Supplies should report basic earnings per share for the year of   Choices; P1.86. P2.10. P2.84. P3.17.

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A: Formula: EPS = ( Net income - Preferred dividends ) / Total weighted average outstanding shares

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A:

Q: What is Jupiter Corporation’s weighted average number of shares for the year?

A: Answer:   975

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A:

Q: ABC Inc. has 20,000 common shares issued and outstanding as of January 1. On July 1, the company…

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Q: Dog River Company has an operating profit of $259.000 Interest expense for the year was $21.600…

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A:

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