Business, 20.09.2020 04:01 babyari18

On January 1, 2017, Vaughn Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,200 shares $920,000 Common stock, $10 par value, issued and outstanding 205,000 shares 2,050,000 To acquire the net assets of three smaller companies, Vaughn authorized the issuance of an additional 162,000 common shares. The acquisitions took place as shown below. Date of Acquisition. Shares Issued Company A April 1, 2017 51,600 Company B July 1, 2017 80,400 Company C October 1, 2017 30,000 On May 14, 2017, Vaughn realized a $87,600 (before taxes) insurance gain on discontinued operations. On December 31, 2017, Vaughn recorded income of $303,600 from continuing operations (after tax). Assuming a 50% tax rate, compute the earnings per share data that should appear on the financial statements of Vaughn Industries as of December 31, 2017.

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On January 1, 2017, Vaughn Industries had stock outstanding as follows. 6% Cumulative preferred stoc...

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