View the step-by-step solution to: 1. Bentley Corp. had 900,000 shares of common stock outstanding

1. Bentley Corp. had 900,000 shares of c...
This question was answered on Aug 31, 2012. View the Answer
1. Bentley Corp. had 900,000 shares of common stock outstanding on January 1, 2012 and issued 500,000 shares on July 1, 2012. Bentley had net income of $1,680,000, common dividends of $50,000 and cumulative preferred dividends of $20,000 for the year ending December 31, 2012. Bentley would report basic earnings per share (EPS) of:


$1.44

$1.42

$1.18

$1.16
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Dear Student Please find attached solution of your assignment. Regards View the full answer

Accounting-8346000.xls

1. Bentley Corp. had 900,000 shares of common stock outstanding on January 1, 2012 and issued 500,000 shares on July 1, 2012. Bentley had net income of $1,680,000,
common dividends of $50,000 and...

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