Edmond Biometrics experienced net income of $500,000 for both last year and the current year. Shares outstanding

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Edmond Biometrics experienced net income of $500,000 for both last year and the current year. Shares outstanding for the prior year were 100,000 shares for the full year. On December 1 of this year, Edmond declared a two-for-one stock split. There were no other stock transactions in either year.

Calculate the EPS that would be shown on a comparative income statement for years 1 and 2

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Jun 02, 2023 06:57 AM

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Edmond Biometrics experienced net income of $500,000 for both last year and the current year. Shares outstanding

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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