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Find what are the earnings per share for the year

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Reference no: EM132597599

OAK Inc. reported $1.900,000 of net income for the year ended December 31, 2017. On September 2, 2017 ASH declared and paid the annual preferred dividends of $360.000.

On January 1, 2017 OAK Inc. had 50,000 preferred and 82,000 common shares outstanding. The following transaction changed during 2017. OAK's year end is December 31.

May 1

Declared and issued an 20% common share dividend

July 1

Sold 15,000 common shares for cash

Oct 1

Repurchased 7,000 common share for cash

Required:

Question 1. What is the weighted-average number of common shares for the year?

Question 2. What are the earnings per share for the year?

Reference no: EM132597599

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