At January 1, 2021, Stevenson Inc. had the following shares authorized and issued: On December 31, Stevenson declared a $ 9 per share dividend on all issued preferred shares. Stevenson's 2021 profit was $ 435,000.
Instructions
a) Calculate the weighted average number of common shares in 2021.
b) Calculate the profit available to common shareholders for 2021.
c) Calculate the 2021 earnings per share.

Question

At January 1, 2021, Stevenson Inc. had the following shares authorized and issued:  On December 31, Stevenson declared a $ 9 per share dividend on all issued preferred shares. Stevenson's 2021 profit was $ 435,000.
Instructions 
a) Calculate the weighted average number of common shares in 2021.
b) Calculate the profit available to common shareholders for 2021.
c) Calculate the 2021 earnings per share.

Quizplus · Accepted Answer

The Answer of At January 1, 2021, Stevenson Inc. had the following shares authorized and issued:  On December 31, Stevenson declared a $ 9 per share dividend on all issued preferred shares. Stevenson's 2021 profit was $ 435,000.
Instructions 
a) Calculate the weighted average number of common shares in 2021.
b) Calculate the profit available to common shareholders for 2021.
c) Calculate the 2021 earnings per share.