FINANCIAL ACCOUNTING
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ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Junkyard Arts, Inc., had earnings of $357,800 for the year. The company had 41,000 shares of common stock outstanding during the year and issued 2,400
shares of $100 par value preferred stock. The preferred stock has a dividend of $9 per share. There were no transactions in either common or preferred stock
during the year.
Determine the basic earnings per share for Junkyard Arts for the year. Round answer to two decimal places.
per share
10:5
%24
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