Murchie Ltd. earned $20,800,000 in 20X6 and paid dividends of $7,700,000. The company has two...
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Murchie Ltd earned $ in X and paid dividends of $ The company has two classes of voting shares. Class A shares have six votes per share, while Class B shares have one vote per share. Both participate in the distribution of net assets in the event of dissolution. There were Class A shares outstanding all during X and Class B shares.
Class A shares are entitled to dividends as declared, in the amount of $ per share, before the Class B shares receive any dividends. After the Class A dividend, Class B shares will receive dividends as declared up to $ per share. If any dividends are declared above this amount, both classes are to be allocated an identical pershare dividend.
Required:
Determine basic EPS for each share class for XDo not round intermediate calculations. Round your answers to decimal places.
Determine basic EPS for each share class for X Assuming that there is no base dividend and dividends are split on a pershare basis between the two classes such that Class A shares receive times the Class B entitlement per share. Do not round intermediate calculations. Round your answers to decimal places.
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