Reference no: EM132646167
Question - The shareholders' equity section of Ayayai Corporation as at December 31, 2020, follows:
10% cumulative preferred shares, 100,000 shares authorized, 61,000 shares outstanding $4,400,000
Common shares, 10 million shares authorized and issued 10,000,000
Contributed surplus 10,000,000 24,400,000
Retained earnings 171,000,000 $195,400,000
Net income of $25 million for 2020 reflects a total effective tax rate of 26%. Included in the net income figure is a loss of $17 million (before tax) relating to the operations of a business segment that is to be discontinued.
Required - Calculate earnings per share information as it should appear in the financial statements of Ayayai Corporation for the year ended December 31, 2020.
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Calculate earnings per share
: Calculate earnings per share information as it should appear in the financial statements of Ayayai Corporation for the year ended December 31, 2020
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