Question

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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