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Bramble Inc. presented the following data. Net income Preferred stock: 55,000 shares outstanding, $100 par, 8% cumulative, not convertible Common stock: Shares outstanding 1/1 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, eg $2.55) Earnings per share $2,360,000 5,500,000 810.000 272,400 163,200

Bramble Inc. presented the following data. Net income Preferred stock: 55,000 shares outstanding, $100 par, 8% cumulative, not convertible Common stock: Shares outstanding 1/1 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, eg $2.55) Earnings per share $2,360,000 5,500,000 810.000 272,400 163,200

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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Current Attempt in Progress Bramble Inc. presented the following data. Net income Preferred stock: 55,000 shares outstanding. $100 par, 8% cumulative, not convertible Common stock: Shares outstanding 1/1 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, eg. $2.55.) Earnings per share $ $2,360,000 5,500,000 810,000 272,400 163,200
Transcribed Image Text:Current Attempt in Progress Bramble Inc. presented the following data. Net income Preferred stock: 55,000 shares outstanding. $100 par, 8% cumulative, not convertible Common stock: Shares outstanding 1/1 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, eg. $2.55.) Earnings per share $ $2,360,000 5,500,000 810,000 272,400 163,200
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