Question: Voisin Inc had 210 000 common shares outstanding on December 31

Voisin Inc. had 210,000 common shares outstanding on December 31, 2011.
During 2012, the company issued 8,000 shares on May 1 and retired 14,000 shares on October 31. For 2012, the company reported net income of $229,690 after a loss from discontinued operations of $40,600 (net of tax).
Instructions
(a) What earnings per share data should be reported at the bottom of Voisin Inc.’s income statement?
(b) Is it possible for a corporation to have a simple capital structure one fiscal year and a complex capital structure in another fiscal year? If yes, how could this happen?

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  • CreatedAugust 23, 2015
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