wet income referred stock: 53,000 shares outstanding. $100 par, 8% cumulative, not convertible Common stock: Shares outstanding 1/1 issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 mpute earnings per share. (Round answer to 2 decimal places, eg. 2.55) arnings per share $2,296,860 5,300,000 724,800 276,000 138,000
wet income referred stock: 53,000 shares outstanding. $100 par, 8% cumulative, not convertible Common stock: Shares outstanding 1/1 issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 mpute earnings per share. (Round answer to 2 decimal places, eg. 2.55) arnings per share $2,296,860 5,300,000 724,800 276,000 138,000
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 12RE: Given the following year-end information, compute Greenwood Corporations basic and diluted earnings...
Related questions
Question
![Net income
Preferred stock: 53,000 shares outstanding. $100 par, 8% cumulative, not convertible
Common stock: Shares outstanding 1/1
Issued for cash, 5/1
Acquired treasury stock for cash, 8/1
2-for-1 stock split, 10/1
Compute earnings per share. (Round answer to 2 decimal places, e.g. 2.55)
Earnings per share $
$2,296,860
5,300,000
724,800
276,000
138,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6bcad8b5-bc35-4e71-bfb1-359d0f9715c4%2F237411c6-0219-4a67-ad3d-42a024fb64a7%2Fp8r4ry_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Net income
Preferred stock: 53,000 shares outstanding. $100 par, 8% cumulative, not convertible
Common stock: Shares outstanding 1/1
Issued for cash, 5/1
Acquired treasury stock for cash, 8/1
2-for-1 stock split, 10/1
Compute earnings per share. (Round answer to 2 decimal places, e.g. 2.55)
Earnings per share $
$2,296,860
5,300,000
724,800
276,000
138,000
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