CALCULATOR Exercise 4-13 At December 31, 2019, Splish Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,532 shares $10,753,200 Common stock, $5 par, 4,053,980 shares 20,269,900 During 2020, Splish did not issue any additional common stock. The following also occurred during 2020. Income from continuing operations before taxes Discontinued operations (loss before taxes) Preferred dividends declared $24,726,300 $3,413,600 $1,075,320 Common dividends declared Effective tax rate $2,228,300 35 % Compute earnings per share data as it should appear in the 2020 income statement of Splish Corporation. (Round answers to 2 decimal places e
CALCULATOR Exercise 4-13 At December 31, 2019, Splish Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,532 shares $10,753,200 Common stock, $5 par, 4,053,980 shares 20,269,900 During 2020, Splish did not issue any additional common stock. The following also occurred during 2020. Income from continuing operations before taxes Discontinued operations (loss before taxes) Preferred dividends declared $24,726,300 $3,413,600 $1,075,320 Common dividends declared Effective tax rate $2,228,300 35 % Compute earnings per share data as it should appear in the 2020 income statement of Splish Corporation. (Round answers to 2 decimal places e
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:CALCULATOR
Exercise 4-13
At December 31, 2019, Splish Corporation had the following stock outstanding.
10% cumulative preferred stock, $100 par, 107,532 shares $10,753,200
Common stock, $5 par, 4,053,980 shares
20,269,900
During 2020, Splish did not issue any additional common stock. The following also occurred during 2020.
Income from continuing operations before taxes
Discontinued operations (loss before taxes)
Preferred dividends declared
$24,726,300
$3,413,600
$1,075,320
Common dividends declared
Effective tax rate
$2,228,300
35 %
Compute earnings per share data as it should appear in the 2020 income statement of Splish Corporation. (Round answers to 2 decimal places e
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