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aimtobeacpa
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Joined: 10 Dec 2009
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Posts: 657

Posted: 08 Jul 2010 at 03:23 \| IP Logged

sum no 55
at dec 31,2009 and 2008, corp had 100000 shares of common stock and 10000 shares of 5% $100 par value cumulative prefered stock outstanding.no div declared on either in 2009 or 2008.net income is 1000000.

for 2009 beps?

how is common shares outstanding 200000???

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TechnicConcepts
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Joined: 30 Mar 2010
Location: United States
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Posted: 08 Jul 2010 at 12:52 \| IP Logged

I read on the site somewhere, that Wiley is known for their
typos/errors. I have not come across any, until today!. The
200,000 on common outstanding shares is a typo. It is
suppose to be 100,000, so do not worry. The answer stands
at $9.50.

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