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Calculate earnings per share for the year ended

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Q1. Clanton, Inc has 12,000 shares of common stock outstanding at December 31, 2012. The company sold 6,000 shares of common stock on November 1, 2012 and declared and paid a dividend of $15,000. The beginning Retained Earnings was $115,000. Net Income for 2012 was $140,000.

Calculate Earnings Per Share for the year ended December 31, 2012.

Q2. BellaAnna,Inc. had 800 shares of common stock outstanding on December 31, 2011. On June 30, 2012 BellaAnna, Inc. issued 200 more shares of common stock. BellaAnna, Inc. declared and paid a $5,000 dividend in 2012. The beginning Common Stock was $40,000 and beginning Retained Earnings was $259,000. Net Income for the year ended December 31, 2012 was $70,000.

Calculate Earnings Per Share for 2012.

Q3. Blanton, Inc has 10,000 shares of common stock outstanding at December 31, 2012. The company sold 3,000 shares of common stock on November 1, 2012 and declared and paid a dividend of $15,000. The beginning the beginning Retained Earnings was $115,000. Net Income for 2012 was $140,000.

Calculate Earnings Per Share for the year ended December 31, 2012.

Reference no: EM131880588

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