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Basic Earnings per Share Question

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Basic Earnings per Share Question - Company A had 100,000 common shares outstanding on January 1, 2020. Transactions throughout 2020 affecting its capital stock follow:

January 1: Company A issued 10,000, $100, cumulative 5% preference shares.

March 1: Company A issued 30,000 common shares.

April 1: Company A declared and issued a 30% stock dividend on the common shares.

July 1: Company A repurchased and cancelled 50,000 common shares.

October 1: Company declared and issued a two-for-one stock split on the common shares.

Company A's profit for the year ended December 31, 2020, was $350,000.

Dividends were neither declared nor paid during the year.

Required - Calculate BEPS for 2020.

Reference no: EM132948899

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