Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. horticultural products inc. reported $545,863 prof

Horticultural Products Inc. reported $545,863 profit in 2020 and declared preferred dividends of $47,200. The...

60.1K

Verified Solution

Question

Accounting

Horticultural Products Inc. reported $545,863 profit in 2020 and declared preferred dividends of $47,200. The following changes in common shares outstanding occurred during the year.

Jan. 1 39,000 common shares were outstanding.

Mar. 1 Declared and issued a 30% common share dividend.

Aug. 1 Sold 20,000 common shares.

Nov. 1 Sold 40,000 common shares.

Find the Weighted-Average Share of outstanding shares, and the earnings-per-share.

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

One late Friday afternoon your obnoxious boss comes into your office as you are about to...

Basic Math
Q

Information presented on January 25, 2013, during an ongoing trial, revealed that executives from health care...

General Management
Q

You have an opportunity to invest $103,000 now in return for $80,200 in one year and...

Finance
Q

Question 21 di Listen What should happen if double recessives are continuously removed population in...

Biology
Q

3 First National Bank charges 13 1 percent compounded monthly on its business loans First...

Basic Math
Q

Using the function you identified in the previous problem, what would you expect to be...

Algebra
Q

Simplify the radical Assume that all variables represent positive real numbers 3 8x8y 69 Select...

Algebra
Q

Please answer the following questions relating to Ranjot and Himanshu company accounts (in thousands of...

Accounting
Q

Rochelle is a single taxpayer with modified adjusted gros...

Accounting
Q

The operations vice president of Security Home Bank is investigating the efficiency of the bank's...

Accounting
Q

Journal entry workeheet Journal entry workeheet

Accounting
Q

The value of a put option is positively related to all of the following EXCEPT:...

Finance