Essay
At January 1, 2021, Stevenson Inc. had the following shares authorized and issued: 
On December 31, Stevenson declared a $ 9 per share dividend on all issued preferred shares. Stevenson's 2021 profit was $ 435,000.
Instructions
a) Calculate the weighted average number of common shares in 2021.
b) Calculate the profit available to common shareholders for 2021.
c) Calculate the 2021 earnings per share.
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b) Income available to common...View Answer
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Correct Answer:
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b) Income available to common...View Answer
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