Reference no: EM132948899
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.