Micky and Donald Corp. was founded on January I,2013. At that time it issued 120,000 ordinary shares and 20,000,$30,cumulative 5% preferred shares. Subsequent transactions affecting its shareholdings follow.
2013
2014
Requirements:
a. What was Micky's weighted average number of ordinary shares outstanding in 2014?
b. What was Micky's basic BPS in 2014?
Correct Answer:
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