Cox Enterprises had 1,000,000 shares of $1 par common stock authorized with 210,000 shares of common stock
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Cox Enterprises had 1,000,000 shares of $1 par common stock authorized with 210,000 shares of common stock issued and 200,000 outstanding on January 1, 2019. On March 31, 2019, Cox issued an additional50,000 shares. Determine the earnings per share for calendar 2019 if net income was $300,000.
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To determine the earnings per share for calendar 2019 we need to first calculate the weighted averag...View the full answer
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Related Book For
Introduction To AccountingAn Integrated Approach
ISBN: 9781119600107
8th Edition
Authors: Penne Ainsworth, Dan Deines
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