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4/25/2017 Exercise 413
https://edugen.wiley.com/edugen/shared/assignment/test/qprint.uni 1/1
Question Attempts: 0 of 3 used
Print by: Lakesha Bryant ACC303009VA0161174001: Intrmdiate Acc I / Homework Chapter 4
*Exercise 413 At December 31, 2013, Shiga Naoya Corporation had the following stock outstanding.
10% cumulative preferred stock, $100 par, 107,830 shares $10,783,000
Common stock, $5 par, 4,093,400 shares 20,467,000
During 2014, Shiga Naoya did not issue any additional common stock. The following also occurred during 2014.
Income from continuing operations before taxes $24,431,000 Discontinued operations (loss before taxes) $3,414,000 Preferred dividends declared $1,078,300 Common dividends declared $2,379,000 Effective tax rate 35 %
Compute earnings per share data as it should appear in the 2014 income statement of Shiga Naoya Corporation. (Round answers to 2 decimal places, e.g. 1.48. Enter negative amounts using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45).)
Earnings Per Share
$
$
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