Question

Assume that the following data relative to Oniole Company for 2025 is available: Net Income $2,830,590 Transactions in Common Shares Change Cumulative Jan. 1, 2025, Beginning number 690,000 Mar. 1, 2025, Purchase of treasury shares (50,400) 639,600 June 1, 2025, Stock split 2-1 639,600 1,279,200 Nov. 1, 2025, Issuance of shares 246,000 1,525,200 6% Cumulative Convertible Preferred Stock Sold at par, convertible into 210,000 shares of common (adjusted for split). $1,050,000 Stock Options Exercisable at the option price of $25 per share. Average market price in 2025, $30 (market price and option price adjusted for split). 96,000 shares (a) Compute the basic earnings per share for 2025. (Round answer to 2 decimal places, e.g. 52.75.) Basic earnings per share $

          Assume that the following data relative to Oniole Company for 2025 is available:
Net Income
$2,830,590
Transactions in Common Shares
Change Cumulative
Jan. 1, 2025, Beginning number
690,000
Mar. 1, 2025, Purchase of treasury shares
(50,400)
639,600
June 1, 2025, Stock split 2-1
639,600
1,279,200
Nov. 1, 2025, Issuance of shares
246,000
1,525,200
6% Cumulative Convertible Preferred Stock
Sold at par, convertible into 210,000 shares of
common (adjusted for split).
$1,050,000
Stock Options
Exercisable at the option price of $25 per share. Average
market price in 2025, $30 (market price and option price
adjusted for split).
96,000 shares
(a)
Compute the basic earnings per share for 2025. (Round answer to 2 decimal places, e.g. 52.75.)
Basic earnings per share
$

Assume that the following data relative to Oniole Company for 2025 is available:
Net Income
2,830,590
Transactions in Common Shares
Change Cumulative
Jan. 1, 2025, Beginning number
690,000
Mar. 1, 2025, Purchase of treasury shares
(50,400)
639,600
June 1, 2025, Stock split 2-1
639,600
1,279,200
Nov. 1, 2025, Issuance of shares
246,000
1,525,200
6% Cumulative Convertible Preferred Stock
Sold at par, convertible into 210,000 shares of
common (adjusted for split).1,050,000
Stock Options
Exercisable at the option price of 25 per share. Average
market price in 2025,30 (market price and option price
adjusted for split).
96,000 shares
(a)
Compute the basic earnings per share for 2025. (Round answer to 2 decimal places, e.g. 52.75.)
Basic earnings per share

Added by Victor Manuel D.

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