Solution-Compute earnings per share

Compute earnings per share

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Question - Coronado Inc. presented the following data.

Net income $2,370,000

Preferred stock: 53,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,300,000

Common stock: Shares outstanding 1/1 769,200

Issued for cash, 5/1 274,800

Acquired treasury stock for cash, 8/1 144,000 2-for-1 stock split, 10/1

Compute earnings per share.

Reference no: EM132061462

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Compute earnings per share

Reference no: EM132061462

Reference no: EM132061462

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