The Summer Corporation began the year with a simple capital structure consisting of 480,000 shares of outstanding
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Question:
The Summer Corporation began the year with a simple capital structure consisting of 480,000 shares of outstanding |
common stock. On April 1, 10,000 additional common shares were issued, and another 60,000 common shares |
were issued on August 1. The company had net income for the year of $589,375. Calculate the earnings per share of common stock. |
Related Book For
Financial Accounting
ISBN: 9781618533111
6th Edition
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
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