Calculate earnings per share

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Q1. Carla Vista Corporation had 114,000 common shares outstanding on December 31, 2019. During 2020, the company issued 13,500 shares on March 1, retired 6,600 shares on July 1, issued a 20% stock dividend on October 1, and issued 20,400 shares on December 1. For 2020, the company reported net income of $456,000 after a loss from discontinued operations of $65,200 (net of tax). The company issued a 2-for-1 stock split on February 1, 2021, and the company's financial statements for the year ended December 31, 2020, were issued on February 28, 2021. Calculate earnings per share for 2020 as it should be reported to shareholders.

Q2. Ivanhoe Corporation had 2020 net income of $1,017,000. During 2020, Ivanhoe has not declared or paid any dividend on 93,000 non-cumulative preferred shares. Ivanhoe also had 180,000 common shares outstanding during the year. Calculate Ivanhoe's 2020 earnings per share.

Reference no: EM132839347

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