Reference no: EM132934984
Question - Stockholders' Equity: 10% cumulative preferred stock, $100 par value, authorized 100,000 shares 4,400,000
Common stock, $2 par value, authorized 2,000,000 shares: 3,400,000
Additional paid-in capital - Common stock: 6,800,000
Treasury stock, 10,000 common stock at cost: 500,000
Retained earnings: 3,160,000
Assume no dividends in arrears. What was the average issuance price per share of common stock? How many shares of ordinary shares have been issued? What is the basic EPS, assuming that net income for the year amounted to $4,800,000? What is the basic loss per share, assuming that net loss for the year amounted to $1,200,000? Assume that retained earnings at the beginning of the year amounted to $1,200,000 and the net income for the year was $4,800,000. What was the dividend declared during the year on each share of common stock?
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