BE4.8 In 2020, Jollis corporation reported net income of $1000000. it declared and paid perferred stock dividends of $250000. During 2020, Hollis had weighted average of 190000 common shares outstanding. Compute Hollis's 2020 earnings per share.
BE4.8 In 2020, Jollis corporation reported net income of $1000000. it declared and paid perferred stock dividends of $250000. During 2020, Hollis had weighted average of 190000 common shares outstanding. Compute Hollis's 2020 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 24E
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BE4.8 In 2020, Jollis corporation reported net income of $1000000. it declared and paid perferred stock dividends of $250000. During 2020, Hollis had weighted average of 190000 common shares outstanding. Compute Hollis's 2020 earnings per share.
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