Tonga Corporation_Computation of EPS

Question # 00003873 Posted By: ACCOUNTS_GURU Updated on: 11/22/2013 12:45 AM Due on: 12/31/2013
Subject Accounting Topic Accounting Tutorials:
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Tonga Corporation had 340,000 shares of common stock outstanding on January 1, and 400,000 shares of common stock outstanding on December 31. Their net income is $880,000 and they paid $10,000 in preferred dividends. Compute Tonga's earnings per share as of December 31.
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  1. Tutorial # 00003663 Posted By: ACCOUNTS_GURU Posted on: 11/22/2013 12:46 AM
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