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Determine if the reported eps was correct

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Question 1: The CFO for Kelly Inc. believes there is an error in the 2018 calculation of the Kelly'searnings per share. The reported EPS was $0.89. Based on the following information, determine if the reported 2018 EPS was correct and if not, what the correct amount should have been.

January 1 - 8,000,000 shares common stock outstanding

March 1 - 500,000 treasury stock shares purchased

July 1 - 20% stock dividend

September 1 - 400,000 shares common stock issued

December 1 300,000 treasury shares reissued

Jan. 1 - Dec. 31 - Preferred stock, $100 par, 10%, 1,000,000 shares authorized, 200,000 issued and outstanding

Net Income 12/31/18 - $14,568,000

Reference no: EM132606585

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