CC !Required information[The following information applies to the questions displayed below.]The financial statements for Highland Corporation included the following selected information:Common stockRetained earningsNet incomeShares issuedShares outstandingDividends declared and paid$ 950,000$ 730,000$ 1,000,00095,00064,000$ 770,000The common stock was sold at a price of $24 per share.Earnings per share4. Compute earnings per share. Assume the weighted average shares outstanding is equal to the shares outstanding.Note: Round your answer to 2 decimal places.

It represents the portion of a company's profit allocated to each outstanding share of common stock.…

The financial statements for Highland Corporation included the following selected information: $ 950,000 $ 730,000 $ 1,000,000 Common stock Retained earnings Net income Shares issued 95,000 64,000 Shares outstanding Dividends declared and paid $ 770,000 The common stock was sold at a price of $24 per share.

The financial statements for Highland Corporation included the following selected information: $ 950,000 $ 730,000 $ 1,000,000 Common stock Retained earnings Net income Shares issued 95,000 64,000 Shares outstanding Dividends declared and paid $ 770,000 The common stock was sold at a price of $24 per share.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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