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lesya [120]
3 years ago
10

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.
Business
1 answer:
Ede4ka [16]3 years ago
4 0

Answer:

c. 485,000

Explanation:

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

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