On December 31, 2020, Berclair Inc. had 440 million shares of common stock and 8 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 36 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2021. Six million treasury shares were sold on October 1. Net income for the year ended December 31, 2021, was $750 million. Required: Compute Berclair’s earnings per share for the year ended December 31, 2021. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
On December 31, 2020, Berclair Inc. had 440 million shares of common stock and 8 million shares of 9%, $100 par value cumulative
Required:
Compute Berclair’s earnings per share for the year ended December 31, 2021. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
Numberator / Denominator = Earnings per Share
$_________ / 454 = $______________
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