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Chrisis5143
19.04.2021 •
Business
Bramble Corp. had 2500000 shares of common stock outstanding on January 1 and December 31, 2021. In connection with the acquisition of a subsidiary company in June 2020, Bramble is required to issue 96000 additional shares of its common stock on July 1, 2022, to the former owners of the subsidiary. Bramble paid $195000 in preferred stock dividends in 2021, and reported net income of $3470000 for the year. Bramble's diluted earnings per share for 2021 should be (rounded to the nearest penny)
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Ответ:
$1.47
Explanation:
Diluted earnings per share = Earnings before preferred stock dividends ÷ Weighted Average Number of Common Stock Outstanding
where,
Earnings before preferred stock dividends is calculated as :
Net Income $3,470,000
Add Preferred Stock Dividends $195,000
Earnings attributable to Common Stock holders $3,665,000
Weighted Average Number of Common Stock Outstanding is calculated as :
Outstanding end of the year 2,500,000 shares
therefore,
Diluted earnings per share = $3,665,000 / 2,500,000 shares = $1.47
Ответ:
my tiktok is
Explanation:
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