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Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
Edition 26ISBN: 978-1337498159Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
Edition 26ISBN: 978-1337498159 Exercise 4
EPS
Junkyard Arts, Inc., had earnings of $316,000 for the year. The company had 40,000 shares of common stock outstanding during the year and issued 15,000 shares of $50 par value preferred stock. The preferred stock has a dividend of $1.60 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.
Junkyard Arts, Inc., had earnings of $316,000 for the year. The company had 40,000 shares of common stock outstanding during the year and issued 15,000 shares of $50 par value preferred stock. The preferred stock has a dividend of $1.60 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.
Explanation
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Earnings per share on common stock asses...
Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
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