Horticultural Products Inc. reported $338,515 profit in 2023 and declared preferred dividends of $45,700. The following changes in common shares outstanding occurred during the year. Jan. 1 30,000 common shares were outstanding. Mar. 1 Declared and issued a 10% common share dividend. Aug. 1 Sold 10,000 common shares. Nov. 1 Sold 20,000 common shares. Calculate the weighted-average number of common shares outstanding during the year and earnings per share. (Round the "Earnings per share" answer to 2 decimal places.) Weighted-average outstanding shares Earnings per share
Horticultural Products Inc. reported $338,515 profit in 2023 and declared preferred dividends of $45,700. The following changes in common shares outstanding occurred during the year. Jan. 1 30,000 common shares were outstanding. Mar. 1 Declared and issued a 10% common share dividend. Aug. 1 Sold 10,000 common shares. Nov. 1 Sold 20,000 common shares. Calculate the weighted-average number of common shares outstanding during the year and earnings per share. (Round the "Earnings per share" answer to 2 decimal places.) Weighted-average outstanding shares Earnings per share
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 18E: Monona Company reported net income of 29,975 for 2019. During all of 2019, Monona had 1,000 shares...
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