the net income for the year ended December 31, 20x3 was $5,200,000 the tax rate is 28% the following common stock transactions occurred during the year: March 1, 20x3 - Issued 300,000 shares July 1, 20x3 – Repurchased and cancelled 140,000 shares November 1, 20x3 - Issued 450,000 shares Han declared total dividends of $800,000 in 20x3 Required- a) Calculate the basic and diluted EPS for the year ended December 31, 20x3. b) Calculate the weighted average number of shares for purposes of calculating Basic EPS if there was a 2:1 stock split on August 31, 20x3.
the net income for the year ended December 31, 20x3 was $5,200,000 the tax rate is 28% the following common stock transactions occurred during the year: March 1, 20x3 - Issued 300,000 shares July 1, 20x3 – Repurchased and cancelled 140,000 shares November 1, 20x3 - Issued 450,000 shares Han declared total dividends of $800,000 in 20x3 Required- a) Calculate the basic and diluted EPS for the year ended December 31, 20x3. b) Calculate the weighted average number of shares for purposes of calculating Basic EPS if there was a 2:1 stock split on August 31, 20x3.
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter12: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 4COP: Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31,...
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