SCR Company had 600,000 shares of common stock outstanding on December 31, 2013. During the year 2014,
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SCR Company had 600,000 shares of common stock outstanding on December 31, 2013. During the year 2014, the company acquired and then retired 15,000 shares on April 1 and issued 50,000 shares on July 31. For the year, 2012 SCR Company reported net income of $982,500, after an extraordinary gain of $300,000 (net of tax).
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What earnings per share data should be reported at the bottom of its income statement?
Common 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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Event Dates Outstanding Shares Outstanding Fraction of Year Weighted Shares Beginning balance Jan 1A...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
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