Mangey Corp. had the following activity related to its common shares for the year ending December 31, 2020. In addition, the company issued 3,000, $ 2, cumulative preferred shares for $ 300,000, however,
dividends were not declared during 2020.
Instructions
a) Calculate the weighted average number of shares.
b) Calculate basic EPS.
c) Calculate full diluted EPS.
Correct Answer:
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