Grouper Inc. presented the following data. Net income $2,340,000 Preferred stock: 52,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,200,000 Common stock: Shares outstanding 1/1 816,000 Issued for cash, 5/1 322,800 Acquired treasury stock for cash, 8/1 136,800 2-for-1 stock split, 10/1 Compute earnings per share.
Grouper Inc. presented the following data. Net income $2,340,000 Preferred stock: 52,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,200,000 Common stock: Shares outstanding 1/1 816,000 Issued for cash, 5/1 322,800 Acquired treasury stock for cash, 8/1 136,800 2-for-1 stock split, 10/1 Compute earnings per share.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 12RE: Given the following year-end information, compute Greenwood Corporations basic and diluted earnings...
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Grouper Inc. presented the following data.
Net income | $2,340,000 | |
5,200,000 | ||
Common stock: Shares outstanding 1/1 | 816,000 | |
Issued for cash, 5/1 | 322,800 | |
Acquired |
136,800 | |
2-for-1 stock split, 10/1 |
Compute earnings per share.
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