The following information is available from the balance sheets at the end of 2016 and 2015 for Kitchen Equipment Company.
Net income for 2016 and 2015 was $120,000 and $460,000, respectively. No stock was issued during either year. Answer the following:
A How many shares of stock are outstanding at the end of 2016?
B If a company has preferred stock, why are preferred dividends subtracted when computing earnings per share?
C What is the amount of earnings per share for the year ended December 31, 2016?
D Explain what information is provided with earnings per share.
Definitions:
Provider's Approval
Involves obtaining consent or authorization from a healthcare professional or service provider before proceeding with a treatment or service.
Bath
A method for cleaning or soaking the body in a fluid, typically water, for hygiene, relaxation, or therapeutic purposes.
Shower
A place or process in which an individual stands under a spray of water for the purpose of washing their body.
Cryosurgery
The use of a substance at subfreezing temperature to destroy or remove tissue.
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