Business, 21.12.2019 04:31, CBSEATON18
Assume that the following data relative to kane company for 2018 is available: net income $2,830,000 transactions in common shares change cumulative jan. 1, 2018, beginning number 690,000 mar. 1, 2018, purchase of treasury shares (50,400) 639,600 june 1, 2018, stock split 2-1 639,600 1,279,200 nov. 1, 2018, issuance of shares 246,000 1,525,200 6% cumulative convertible preferred stock sold at par, convertible into 210,000 shares of common (adjusted for split): $1,050,000 stock optionsexercisable at the option price of $25 per share. average market price in 2018, $30 (market price and option price adjusted for split): 96,000 sharesa. compute weighted average shares outstanding for 2018b. compute the basic earnings per share for 2018.c. compute the diluted earnings per share for 2018.
Answers: 3
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Assume that the following data relative to kane company for 2018 is available: net income $2,830,00...
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