Business, 24.08.2021 03:20, kyliefetters11

Alpha Inc. presented the following data. Net income $2,500,000
Preferred stock: 5,000,000
50,000 shares outstanding, $100 par, 8% cumulative, not convertible
Common stock:
Shares outstanding 1/1 750,000
Issued for cash, 5/1 300,000
Acquired treasury stock for cash, 8/1 150,000 2-for-1 stock split, 10/1
Instructions:
Compute earnings per share.

Answers: 3

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Alpha Inc. presented the following data. Net income $2,500,000
Preferred stock: 5,000,000 <...