Horticultural Products Inc. reported $1,022,740 profit in 2020 and declared preferred dividends of $63,100. The following changes in common shares outstanding occurred during the year, Jan. 1 90,000 common shares were outstanding. Mar. 1 Declared and issued a 30% common share dividend. Aug. 1 Sold 20,000 common shares. Nov. 1 Sold 40,000 common shares.. Calculate the weighted-average number of common shares outstanding during the year and earnings per share. (Round the "Earnings per share" answer to 2 decimal places.) Weighted average outstanding shares Earnings por share
Horticultural Products Inc. reported $1,022,740 profit in 2020 and declared preferred dividends of $63,100. The following changes in common shares outstanding occurred during the year, Jan. 1 90,000 common shares were outstanding. Mar. 1 Declared and issued a 30% common share dividend. Aug. 1 Sold 20,000 common shares. Nov. 1 Sold 40,000 common shares.. Calculate the weighted-average number of common shares outstanding during the year and earnings per share. (Round the "Earnings per share" answer to 2 decimal places.) Weighted average outstanding shares Earnings por share
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 18P
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Vishnu
![Horticultural Products Inc. reported $1,022,740 profit in 2020 and declared preferred dividends of $63,100. The following changes in
common shares outstanding occurred during the year,
Jan. 190,000 common shares were outstanding.
Mar. 1 Declared and issued a 30% common share dividend.
Aug. 1 Sold 20,000 common shares.
Nov. 1 Sold 40,000 common shares..
Calculate the weighted-average number of common shares outstanding during the year and earnings per share. (Round the "Earnings
per share" answer to 2 decimal places.)
Weighted average outstanding shares
Earnings por share](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7a189282-34ed-43f7-bb04-27e0b25ee997%2Ffef33216-0a89-4f4f-9380-fe9a3216f665%2Fwla7axs_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Horticultural Products Inc. reported $1,022,740 profit in 2020 and declared preferred dividends of $63,100. The following changes in
common shares outstanding occurred during the year,
Jan. 190,000 common shares were outstanding.
Mar. 1 Declared and issued a 30% common share dividend.
Aug. 1 Sold 20,000 common shares.
Nov. 1 Sold 40,000 common shares..
Calculate the weighted-average number of common shares outstanding during the year and earnings per share. (Round the "Earnings
per share" answer to 2 decimal places.)
Weighted average outstanding shares
Earnings por share
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