can you explain step by step: Chapter 16 accounting intermediate
II -Basic and diluted EPS
1-Assume that the following data relative to Rice company for
2020 is available:
transactions in common shares change
Cumulative
Jan. 1,2020 Beginning number 650,000
Apr 1,2020 Purchase of treasury shares (50,000) 600,000
June 1,2020 100% Stock dividend 600,000 1,200,000
Dec 1,2020 Issuance of shares 200,000 1,400,000
5% cumulative convertible preferred stock
$1,000,000 sold at par on January 1, 2020 convertible into
200,000 shares of...