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Compute Berclair earnings per share for the year

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Reference no: EM132902432

Problem - On December 31, 2020, Berclair Inc. had 580 million shares of common stock and 8 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 30 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2021. Five million treasury shares were sold on October 1. Net income for the year ended December 31, 2021, was $1,100 million.

Required -

1. Compute Berclair's earnings per share for the year ended December 31, 2021.

2. What are the numerator and denominator for the equation below?

Numerator/Denominator=Earnings per share

Reference no: EM132902432

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