(EPS: Simple Capital Structure) Ott Company had 210,000 shares of common stock outstanding on December 31, 2010....
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(EPS: Simple Capital Structure) Ott Company had 210,000 shares of common stock outstanding on December 31, 2010. During the year 2011 the company issued 8,000 shares on May 1 and retired 14,000 shares on October 31. For the year 2011 Ott Company reported net income of $229,690 after a casualty loss of $40,600 (net of tax).
What earnings per share data should be reported at the bottom of its income statement, assuming that the casualty loss is extraordinary?
Common StockCommon stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
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Dates Outstanding Jan 1May 1 May 1Oct 31 Reacquired shares Oct 31Dec 31 Weightedaverage nu...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
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