Sandhill, Inc. reports net income of $737800. It declares and pays dividends of $85000 for the year, one-half of which relate to the preferred shares. The weighted-average number of common shares outstanding during the year is 170000 shares, and the weighted- average number of preferred shares outstanding during the year is 8500 shares. Earnings per share for Sandhill, Inc. is:

Sandhill, Inc. reports net income of $737800. It declares and pays dividends of $85000 for the year, one-half of which relate to the preferred shares. The weighted-average number of common shares outstanding during the year is 170000 shares, and the weighted- average number of preferred shares outstanding during the year is 8500 shares. Earnings per share for Sandhill, Inc. is:

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...

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