Ott Company had 210,000 ordinary shares outstanding on December 31, 2015. During the year 2016, the company

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Ott Company had 210,000 ordinary shares outstanding on December 31, 2015. During the year 2016, the company issued 8,000 shares on May 1 and retired 14,000 shares on October 31. For the year 2016, Ott Company reported net income of £229,690 after a loss on discontinued operations of £40,600 (net of tax).

Instructions What earnings per share data should be reported at the bottom of its income statement?

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Related Book For  answer-question

Intermediate Accounting IFRS Edition

ISBN: 9781118443965

2nd Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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