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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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Earnings per share
Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow:
20Υ5
20Y6
Net income
$1,688,000
$2,459,000
Preferred dividends
$50,000
$50,000
Average number of common shares outstanding
90,000 shares
110,000 shares
a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places.
20Y5
20Υ6
Earnings per Share
b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?
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Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 20Y6 Net income $1,715,000 $2,437,000 Preferred dividends $50,000 $50,000 Average number of common shares outstanding 90,000 shares 110,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 20Y5 20Y6 Earnings per Share $fill in the blank 1 $fill in the blank 2 b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?
eBook Show Me How Print Item Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Υ5 20Y6 Net income $1,669,000 $2,572,000 Preferred dividends $40,000 $40,000 Average number of common shares outstanding 90,000 shares 120,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 20Υ5 20Y6 Earnings per Share $1 b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable? Favorable Feedback Check My Work Net Income - Preferred Dividends

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