Accu Tech Renovations Corp

question 17

Essay

Accu Tech Renovations Corp.(ATRC)was incorporated on January 1,2018.At that time it issued 100,000 ordinary shares; 80,000,$20,3% preferred shares "A"; and 40,000,$20,6% preferred shares "B." Net income for the year ended December 31,2018 was $1,800,000.ATRC declares and pays total of $238,000 in dividends.Both the preferred shares series A and B are non-cumulative in nature.Series A must be fully paid their current entitlement before any monies are paid to the Series B shareholders.
Required:
Compute basic EPS.

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Definitions:

Validate

To confirm or give approval to something after examining or testing it to be true, correct, or in accordance with a certain standard.

Accurately

Refers to the quality of being correct and precise in all details.

Jigsaw Technique

A cooperative learning strategy designed to reduce racial conflict among school children, promote better learning, and increase positive educational outcomes by encouraging students to work together to solve puzzles.

Bystander Apathy

The phenomenon where individuals are less likely to offer help to a victim when other people are present.