Non cumulative preferred stock outstanding

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Reference no: EM13954655

Apple reported net income of 1,000,000. In 2014, Apple had 10,000 shares of $100 par 6% non-convertible, non cumulative preferred stock outstanding throughout 2014. In 2014, Apple declared and paid $50,000 preferred dividends. Common stock activity for 2014 was follows

1/1= 100,000 shares of outstanding.

4/1 = 20,000 additional shared issue.

8/1 = 2 for 1 stock split

12/1 = 12,000 additional share issued.

Tax rate 30%

Compute basic: Earn Per Share (EPS)

Also, In which financial statement would EPS presented?

Reference no: EM13954655

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