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  • Gualtieri Inc S Shareholders Equity Accounts Were As Follows at The

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    Bube Kachevska
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    Gualtieri Inc.'s shareholders' equity accounts at the beginning of the fiscal year included $2.5 million in preferred shares from 25,000 shares issued, $3.75 million in common shares from 350,000 shares issued, and $2.25 million in retained earnings for a total of $8.5 million. During the year, Gualtieri issued 60,000 additional common shares for $1.2 million and reacquired and retired 10,000 common shares for $210,000.

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    Gualtieri Inc s Shareholders Equity Accounts Were as Follows at The

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    Gualtieri Inc s Shareholders Equity Accounts Were as Follows at The

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    Gualtieri Inc.'s shareholders' equity accounts at the beginning of the fiscal year included $2.5 million in preferred shares from 25,000 shares issued, $3.75 million in common shares from 350,000 shares issued, and $2.25 million in retained earnings for a total of $8.5 million. During the year, Gualtieri issued 60,000 additional common shares for $1.2 million and reacquired and retired 10,000 common shares for $210,000.

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    Gualtieri Inc S Shareholders Equity Accounts Were As Follows at The

    Uploaded by

    Bube Kachevska
    Gualtieri Inc.'s shareholders' equity accounts at the beginning of the fiscal year included $2.5 million in preferred shares from 25,000 shares issued, $3.75 million in common shares from 350,000 shares issued, and $2.25 million in retained earnings for a total of $8.5 million. During the year, Gualtieri issued 60,000 additional common shares for $1.2 million and reacquired and retired 10,000 common shares for $210,000.

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    © All Rights Reserved
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    Gualtieri Inc s shareholders equity accounts were as

    follows at the #8672


    Gualtieri Inc s shareholders equity accounts were as follows at the

    Gualtieri Inc.'s shareholders' equity accounts were as follows at the beginning of the current
    fiscal year, August 1, 2011:

    $5 noncumulative preferred shares (25,000 shares issued)....................$2,500,000

    Common shares (350,000 shares issued) .........................................3,750,000

    Retained earnings......................................................................2,250,000

    Total shareholders' equity..........................................................$8,500,000

    During the year, the following selected transactions occurred:

    Dec. 1 Issued 60,000 common shares for $20 per share.

    Feb. 1 Reacquired and retired 10,000 common shares for $21 per share.

    June 20 Declared the annual preferred dividend to shareholders of record on July 10, payable
    on July 31.

    July 31 Profit for the year ended July 31, 2012, was $1,280,000.

    Instructions

    (a) Calculate the weighted average number of common shares for the year.

    (b) Calculate the earnings per share.

    (c) Why is it important to use a weighted average number of shares in the calculation of
    earnings per share? Why not just use the number of shares issued at year end?

    Gualtieri Inc s shareholders equity accounts were as follows at the

    ANSWER
    http://paperinstant.com/downloads/gualtieri-inc-s-shareholders-equity-accounts-were-as-follows-
    1/2
    at-the/

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