USE THE FOLLOWING INFORMATION: Net income after tax = $807,000 Common shares outstanding at the beginning of
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Question:
USE THE FOLLOWING INFORMATION:
Net income after tax = $807,000
Common shares outstanding at the beginning of the year = 228,745 shares
In addition, the following common stock changes occurred during the year:
May 1 shares issued for cash = 112,000 shares issued
December 1 shares repurchased into treasury stock = 56.000
Compute basic earnings per share.
Related Book For
Accounting Information Systems
ISBN: 978-0133428537
13th edition
Authors: Marshall B. Romney, Paul J. Steinbart
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