Handy Co Reported 390 000 Of Profit For 2021 The Company Also Declared A Dividend Of 50 000 On Their Preferred Share 1 (32.02 KiB) Viewed 31 times
Handy Co Reported 390 000 Of Profit For 2021 The Company Also Declared A Dividend Of 50 000 On Their Preferred Share 2 (38.86 KiB) Viewed 31 times
Handy Co. reported $390,000 of profit for 2021. The company also declared a dividend of $50,000 on their preferred shares for the same year. As of January 1, 2021, Handy Co. had 80,000 issued and outstanding common shares. The following events occurred during the year: May 1, 2021 June 30, 2021 September 1, 2021 December 1, 2021 Issued 60,000 common shares Repurchased and retired 10,000 common shares Issued a 20% common share dividend Issued 21,000 preferred shares Required (7 marks): a) Using the table below, calculate the weighted-average number of common shares for the year.
Total Period b) Calculate the earnings per two decimal places. weigneu-average number or common rates for ure year. Outstanding Shares Effect of share dividend Fraction of Weighted the year average Share for the year. Please show your work and round your calculation to
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