Business College

Sampson Corp. had 500,000 shares of common stock outstanding at the beginning of the year. The average market price was $20. On April 1, Sampson issued 100,000 shares of $1000 par value 10 percent preferred stock. On July 1, Sampson issued 200,000 warrants to purchase 10 shares of common stock each at $22 per share. On October 1, Sampson repurchased 60,000 of common stock as treasury stock for $15 per share (EPS) was:

a. 515,000.
b. 600,000.
c. 485,000.

Answers

Answer 1

Answer:

c. 485,000

Explanation:

[(500,000 × 12) − (60,000 × 3)] / 12 = 485,000

Related Questions

why is it important to understand the competition your business faces?

Answers

Answer:

It can help you to make your products, services and marketing stand out. You can use this knowledge to create marketing strategies that take advantage of your competitors' weaknesses, and improve your own business performance.

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