Solution-Compute earnings per share

Compute earnings per share

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Reference no: EM131776261

Problem - EPS: Simple Capital Structure

Kendall Inc. presented the following data.

Net income $2,200,000

Preferred stock: 50,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,000,000

Common stock: Shares outstanding 1/1 600,000

Issued for cash, 5/1 300,000

Acquired treasury stock for cash, 8/1 150,000

2-for-1 stock split, 10/1

Instructions - Compute earnings per share.

Reference no: EM131776261

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Compute earnings per share

Reference no: EM131776261

Reference no: EM131776261

Questions Cloud

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Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

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