A company had 150,000 shares of common stock outstanding on January 1 and then sold 35,000 additional

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A company had 150,000 shares of common stock outstanding on January 1 and then sold 35,000 additional shares on March 30. Net income for the year was $525,000. What are earnings per share? Show your calculation.

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Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Posted Date: Mar 11, 2024 05:32 AM

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A company had 150,000 shares of common stock outstanding on January 1 and then sold 35,000 additional

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To calculate earnings per share we need to divide the net income b... View the full answer

Intermediate Accounting

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