Hello,
I need help on this homework problem.
The stockholder's equity section of Tyachuk Corporation appears below as on December 31, 2004
8% Cumulative preferred stock $50 per value, authorized 100,000 shares, outstanding 90,000 shares (CR)4,500,00
Common stock, $1.00 par, authorized and issued 10 million shares
(CR)10,000,000
(CR)20,500,00
Additional paid-in capital (DR) 134,000,000
Retained (DR) 33,000,000 earnings 167,000,000
Net Income 202,000,000
Net income for 2004 reflects a total effective tax rate of 34%. Included
In the net income figure is a loss of 18,000 (before tax) as a result of a major
Casualty.
Instructions
Compute earnings per share data, as it should appear on the income statement of Tkachuk Corporation.
Thanks,
Ebony