At December 31, 2010, Reid Company had 600,000 ordinary shares issued and outstanding, 400,000 of which had
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At December 31, 2010, Reid Company had 600,000 ordinary shares issued and outstanding, 400,000 of which had been issued and outstanding throughout the year and 200,000 of which were issued on October 1, 2010. Net income for 2010 was $1,750,000, and dividends declared on preference shares were $400,000. Compute Reid’s earnings per ordinary share.
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Related Book For 
Intermediate Accounting
ISBN: 978-0470616314
IFRS edition volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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