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Ch 13-3 Exercises & Problems EPS Junkyard Arts, Inc., had earnings of $300,600 for the year. The company had 32,000 shares of common stock outstanding during the year and issued 1,800 shares of $150o par value preferred stock. The preferred stock has a dividend of $7 per share. There were no transactions in either common or preferred stock during the year. Determine the basic earnings per share for Junkyard Arts for the year. Round answer to two decimal places. per share

Ch 13-3 Exercises & Problems EPS Junkyard Arts, Inc., had earnings of $300,600 for the year. The company had 32,000 shares of common stock outstanding during the year and issued 1,800 shares of $150o par value preferred stock. The preferred stock has a dividend of $7 per share. There were no transactions in either common or preferred stock during the year. Determine the basic earnings per share for Junkyard Arts for the year. Round answer to two decimal places. per share

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Ch 13-3 Exercises & Problems EPS Junkyard Arts, Inc., had earnings of $300,600 for the year. The company had 32,000 shares of common stock outstanding during the year and issued 1,800 shares of $150o par value preferred stock. The preferred stock has a dividend of $7 per share. There were no transactions in either common or preferred stock during the year. Determine the basic earnings per share for Junkyard Arts for the year. Round answer to two decimal places. per share
Transcribed Image Text:Ch 13-3 Exercises & Problems EPS Junkyard Arts, Inc., had earnings of $300,600 for the year. The company had 32,000 shares of common stock outstanding during the year and issued 1,800 shares of $150o par value preferred stock. The preferred stock has a dividend of $7 per share. There were no transactions in either common or preferred stock during the year. Determine the basic earnings per share for Junkyard Arts for the year. Round answer to two decimal places. per share
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