Harbour Inc. reports $650,000 of net income for the year. The company has the following account balances: $3 Preferred stock, $25 par, 6,000 shares issued and outstanding: $600,000 Common stock, $5 par, 100,000 shares issued and outstanding: $700,000 There were no changes in the stock accounts during the year. Calculate the Earnings per Share (EPS) for the year.

Harbour Inc. reports $650,000 of net income for the year. The company has the following account balances: $3 Preferred stock, $25 par, 6,000 shares issued and outstanding: $600,000 Common stock, $5 par, 100,000 shares issued and outstanding: $700,000 There were no changes in the stock accounts during the year. Calculate the Earnings per Share (EPS) for the year.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 22EB: Errol Corporation earned net income of $200,000 this year. The company began the year with 10,000...

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