At December 31, 2013 and 2012, G Co. had 66,000 shares of common stock and 6,500
ID: 2646930 • Letter: A
Question
At December 31, 2013 and 2012, G Co. had 66,000 shares of common stock and 6,500 shares of 8%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2013 or 2012. Net income for 2013 was $580,000. For 2013, basic earnings per common share amounted to: (Round your answer to 2 decimal places.)
At December 31, 2013 and 2012, G Co. had 66,000 shares of common stock and 6,500 shares of 8%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2013 or 2012. Net income for 2013 was $580,000. For 2013, basic earnings per common share amounted to: (Round your answer to 2 decimal places.)
Explanation / Answer
my idea is
$8.79.Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.