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Horticultural Products Inc. reported $398,615 profit in 2023 and declared preferred dividends of $46,700. The following chang Common shares outstanding occurred during the year. Jan. 1 36,000 common shares were outstanding. Mar. 1 Declared and issued a 14% common share dividend. Aug. 1 Sold 10,000 common shares. Nov. 1 Sold 20,000 common shares.. Calculate the weighted-average number of common shares outstanding during the year and earnings per share. (Round the "Ea per share" answer to 2 decimal places.) Weighted-average outstanding shares

Horticultural Products Inc. reported $398,615 profit in 2023 and declared preferred dividends of $46,700. The following chang Common shares outstanding occurred during the year. Jan. 1 36,000 common shares were outstanding. Mar. 1 Declared and issued a 14% common share dividend. Aug. 1 Sold 10,000 common shares. Nov. 1 Sold 20,000 common shares.. Calculate the weighted-average number of common shares outstanding during the year and earnings per share. (Round the "Ea per share" answer to 2 decimal places.) Weighted-average outstanding shares

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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Horticultural Products Inc. reported $398,615 profit in 2023 and declared preferred dividends of $46,700. The following changes in common shares outstanding occurred during the year. Jan. 1 36,000 common shares were outstanding. Mar. 1 Declared and issued a 14% common share dividend. Aug. 1 Sold 10,000 common shares. Nov. 1 Sold 20,000 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 per share
Transcribed Image Text:Horticultural Products Inc. reported $398,615 profit in 2023 and declared preferred dividends of $46,700. The following changes in common shares outstanding occurred during the year. Jan. 1 36,000 common shares were outstanding. Mar. 1 Declared and issued a 14% common share dividend. Aug. 1 Sold 10,000 common shares. Nov. 1 Sold 20,000 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 per share
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