Ringmeup had a net income of 165200 for the year endedDec31,2016At the beginning of...

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Accounting

Ringmeup had a net income of 165200 for the year endedDec31,2016At the beginning of the year 37000 sharesof commonstockwere outstanding. On May1 an additional 15000 shares wereissued. On Dec2. the Comp purchased 4900 shares of its own commonstock and held them as treasury stock until the end of the year.During the year Ringmeup paid annual divedend of 8000 shares of3.80% 100 per value preferred stock that were outstanding theentire year. Calculate basic earning per share of common stock thatwere outstanding the entire year

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All working forms part of the answer Basic Earnings per share Net Income for Common Stockholders No of weighted average common stock shares outstanding Working 1 Calculation of no of weighted average common stock shares See Answer

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In: AccountingRingmeup had a net income of 165200 for the year endedDec31,2016At the beginning of the...Ringmeup had a net income of 165200 for the year endedDec31,2016At the beginning of the year 37000 sharesof commonstockwere outstanding. On May1 an additional 15000 shares wereissued. On Dec2. the Comp purchased 4900 shares of its own commonstock and held them as treasury stock until the end of the year.During the year Ringmeup paid annual divedend of 8000 shares of3.80% 100 per value preferred stock that were outstanding theentire year. Calculate basic earning per share of common stock thatwere outstanding the entire year