Assume that chang corp earned net income of 3339000 during, Ask an Expert

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Assume that Chang Corp. earned net income of $3,339,000 during 2012. In addition, it had 119,000 shares of 9%, $101 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2012. Compute earnings per share for 2012, using the weighted-average number of 2,093,625?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9947342

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