Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y6 Net income Preferred dividends 20Y5 $1,538,000 $50,000 $2,485,700 $50,000 Average number of common shares outstanding a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 20Y5 20Y6 Earnings per Share $fill in the blank 1 $fill in the blank 2 b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable? 80,000 shares 115,000 shares

Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y6 Net income Preferred dividends 20Y5 $1,538,000 $50,000 $2,485,700 $50,000 Average number of common shares outstanding a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 20Y5 20Y6 Earnings per Share $fill in the blank 1 $fill in the blank 2 b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable? 80,000 shares 115,000 shares

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter12: Corporations: Organization, Stock Transactions, And Dividends

Section: Chapter Questions

Problem 8BE: Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow:...

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