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P16-6 EPS computation of Basic and Diluted EPS

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EPS COMPUTATION OF BASIC AND DILUTED EPS
Edmund Halvor of the controller's office of East Aurora Corporation was given the assignment of determining the basic and diluted earnings per share values for the eyar ending december 31, 2007. Halvor has compiled the information listed below:

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Shows how to calculate the basic and diluted EPS

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The income to the equity holder is after tax net income minus the dividend payments for preference stocks. At the beginning of the year, the company had 700,000 preference stocks outstanding which pays ...

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