Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 3 eps question pioneering inc had 1000 pr

Question 3 EPS Question Pioneering Inc had 1000 preferred shares, S3, issued in the beginning...

90.2K

Verified Solution

Question

Accounting

image
Question 3 EPS Question Pioneering Inc had 1000 preferred shares, S3, issued in the beginning of the year 2020 The following changes in common shares outstanding during the year [2020 10000 common shares were issued March 31 Sold 15000.common shares to shareholders June 1 Sold 2000 preferred shares Aug 1 Declared and issued a 10% common share dividend Oct 1 Repurchased 5500 shares Nov! Issued 7000 common shares Dec 1 Sold 2500 outstanding Preferred shares and 1200 common shares HINT: Read information from the beginning of the question Some additional information on the table below Tablet Revenue 180,000 so 75000 6000 Supplies Expense Cost of goods soll Prepaid insurance expense Depreciation Expense Other expenses Repairs and maintenance expense Interest expense Tax 5100 4800 17000 Required a) Calculate Preferred share Dividend b) Calculate the Net Income c) Calculate the weighted outstanding shares d) Calculate the Earning Per Share EPS] [40 marks

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