Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on january 1, 2021, kosan bhd had the following sh

On January 1, 2021, Kosan Bhd had the following shares issued: 6% 150,000 Cumulative...

80.2K

Verified Solution

Question

Accounting

On January 1, 2021, Kosan Bhd had the following shares issued: 6% 150,000 Cumulative preference shares, $100 par value 500,000 Ordinary shares, $5 par value During the year, the following occurred: On April 1, 2021, the company issued 100,000 ordinary shares. On September 1, 2021, the company declared and issued a 10% stock dividend. For the year ended December 31, 2021, the net income was $2,200,000. The basic earnings per share is:

A) $1.55 B) $2.06 C) $2.80 D) $3,15 E) None of the above

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Indian River State Collge has stated in the 2019 2020 academic year 22 of its...

Statistics
Q

Discuss the influence of the venous system and arterial system on cardiac function and the mechanisms...

Medical Sciences
Q

1) Discuss the difference between the role of the cuticle in the nematode and the earthworm. 2)...

Biology
Q

In this section we will study the problem of gender-wage discrimination. It is often argued that...

Physics
Q

Two kilograms of air is stored in a rigid volume of 2 m3 with the temperature...

Mechanical Engineering
Q

Pastner Brands is a calendar-year firm with operations in several countries. As part of its executive...

Accounting
Q

Two point sound sources S and S are both of same power and send out...

Physics
Q

Blue Note Mortgage Case Study The process of obtaining a mortgage for a house or...

Basic Math
Q

cmillan Learning Oil Stacked Ratio 5 33 0 20 0 13 0 38 2 16...

Statistics
Q

Sarah Ham, operating as a sole proprietor, manufactures printers in the United States. For 2015,...

Accounting
Q

Sheridan Resort opened for business on June 1 with eight air-conditioned units. Its trial balance...

Accounting
Q

Integrated assignment (Accounting 200 & Taxation 200) Background information Who they are Khoza Bazaar (Pty)...

Accounting