Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. on december 31, 2020, berclair, inc. had 200 mi

1. On December 31, 2020, Berclair, Inc. had 200 million shares of common stock and...

50.1K

Verified Solution

Question

Accounting

1. On December 31, 2020, Berclair, Inc. had 200 million shares of common stock and 3 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Company purchased 24 million shares of its common stock as treasury stock. Company issued a 5% common stock dividend on July 1, 2021. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2021, was $150 million.

Compute earnings per share for the year ended December 31, 2021.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Jorge and Anita, married taxpayers, earn $404,500 in taxableincome and $50,000 in interest from...

Finance
1.2K views

JK Products is evaluating an investment in either of two competing projects that will allow the...

Advance Math
1.2K views

Students at the Akademia Podlaka conducted an experiment to determine whether the Belgium-minted Euro coin was equally...

Biology
1.2K views

You and your hypothetical lab partner each develop an experimental plan to test this hypothesis. The...

Accounting
1.2K views

describe an effective accounting informaion system and explain managements role in it

Physics
1.2K views

You push a 67 kg box across a floor where the coefficient of kinetic friction...

Geometry
1.2K views

Which of the following best describes the translation rule and the scale factor of the...

Basic Math
1.2K views

Solve the given differential equation dQ dt t Q t In t

Statistics
1.2K views

City officials in Sacramento conducted a survey asking voters how they plan to vote in...

Calculus
1.2K views

Find the derivative of sin x x 2x 5 4 Answer

Accounting
1.2K views

Write 400 words for reflective accounting jounal .

Accounting
1.2K views

A company issued 70 shares of $30 par value preferred stock for $4,000 cash. The...