BuyFind

Accounting

27th Edition
WARREN + 5 others
Publisher: Cengage Learning,
ISBN: 9781337272094
BuyFind

Accounting

27th Edition
WARREN + 5 others
Publisher: Cengage Learning,
ISBN: 9781337272094

Solutions

Chapter
Section
Chapter 13, Problem 13.8BPE
Textbook Problem

Earnings per share

Financial statement data for the years ended December 31 for Black Bull Inc. follow:

  20Y6 20Y5
Net income $2,485,700 $1,538,000
Preferred dividends $50,000 $50,000
Average number of common shares outstanding 115,000 shares 80,000 shares
  1. a. Determine the earnings per share for 20Y6 and 20Y5.
  2. b. Does the change in the earnings per share from 20Y5 to 20Y6 indicate a favorable unfavorable trend?

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Chapter 13 Solutions

Accounting
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