Ch 13-3 Exercises & Problems EPS Junkyard Arts, Inc., had earnings of $300,600 for the year. The company had 32,000 shares of common stock outstanding during the year and issued 1,800 shares of $150o par value preferred stock. The preferred stock has a dividend of $7 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. Round answer to two decimal places. per share

Ch 13-3 Exercises & Problems EPS Junkyard Arts, Inc., had earnings of $300,600 for the year. The company had 32,000 shares of common stock outstanding during the year and issued 1,800 shares of $150o par value preferred stock. The preferred stock has a dividend of $7 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. Round answer to two decimal places. per share

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter12: Corporations: Organization, Stock Transactions, And Dividends

Section: Chapter Questions

Problem 12.4BE: Entries for stock dividends Alpine Energy Corporation has 1,500,000 shares of 40 par common stock...

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