Sparrow Company The following data relate to Sparrow Company for the current year. Income before extraordinary item $6,000,000 Less: Preferred stock dividends 100,000 Income available to common stockholders $5,900,000 Extraordinary item (900,000) Net income available to common stockholders $5,000,000 Common shares outstanding on January 1 3,000,000 Issuance of common stock on October 1 400,000 Note: Sparrow Company uses the calendar year. Required: a. Compute the weighted-average share. b. Compute the basic EPS for: 1. Income before extraordinary item 2. Extraordinary item 3. Net income Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help
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