Essay
Strict Fitness Ltd. has a December 31 year end. On January 1, 2021, the company had the following shareholder's equity accounts. 
Strict Fitness Ltd. had the following transactions during 2021:
The company reported net income of $ 520,000 and comprehensive income of $ 592,000 for 2021.
Instructions
a) Record all of the transactions.
b) Prepare the Statement of Changes in Shareholders' Equity.
c) Calculate Strict Fitness' 2021 earnings per share. (Hint: weighted average number of common shares outstanding has been correctly computed at 208,167 shares)
Correct Answer:
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c)
Cumulative dividend entitled by p...View Answer
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Correct Answer:
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c)Cumulative dividend entitled by p...
View Answer
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