Question: help me find the right answer for the numerator and denominator. thank you in advance. For the year ended December 31, 2021, Norstar Industries reported

help me find the right answer for the numerator and denominator.

thank you in advance. help me find the right answer for the numerator and denominator.

For the year ended December 31, 2021, Norstar Industries reported net income of $995,000. At January 1,2021 , the company had 1,190,000 common shares outstanding. The following changes in the number of shares occurred during 2021: Apr. 30 Sold 125,000 shares in a public offering. May 24 Declared and distributed a 58 stock dividend. June 1 Issued 132,000 shares as part of the consideration for the purchase of assets from a subsidiary. Required: Compute Norstar's earnings per share for the year ended December 31, 2021. (Enter your answers in thousands. Round "EPS" answer to 2 decimal places. Do not round intermediate calculations.) Answer is complete but not entirely correct

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

For the year ended December 31, 2021, Norstar Industries reported net income of $975,000. At January 1, 2021, the company had 1,110,000 common shares outstanding. The following changes in the number...

Check my work 6 1.7 points On December 31, 2020. Berclair Inc. had 460 million shares of common stock and 3 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On...

The Alford Group had 180,000 shares of common stock outstanding at January 1, 2021. The following activities affected common shares during the year. There are no potential common shares outstanding....

10 1 points Skipped McDonnell-Myer Corporation reported net income of $2,394 million. The company had 526 million common shares outstanding at January 1 and sold 60 million shares on February 28. As...

Exercise 19-12 (Algo) EPS; shares issued; stock dividend [LO19-5, 19-6] For the year ended December 31, 2021, Norstar Industries reported net income of $990,000. At January 1, 2021, the company had...

Exercise 19-12 (Algo) EPS; shares issued; stock dividend [LO19-5, 19-6) For the year ended December 31, 2021, Norstar Industries reported net income of $995,000. At January 1, 2021, the company had...

9 Hwk (Share-Based Comp and EPS) Saved Help Save Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completi For the year ended...

Help Save & Exit Submit Check my work For the year ended December 31, 2021, Norstar Industries reported net income of $950,000. At January 1, 2021, the company had 1,010,000 common shares...

Exercise 19-12 (Algo) EPS; shares issued; stock dividend [LO19-5, 19-6) For the year ended December 31, 2021, Norstar Industries reported net income of $910,000. At January 1, 2021, the company had...

In confirming individual accounts receivable balances, your client's customers reported the following exceptions. Required This of these exceptions should be considered misstatements for evaluation...

What does the term "positionality" refer to in qualitative research? The theoretical framework used by the researcher to interperet the data collected in the study. and personal history, relative to...

P-1) (100 Pts.) A chemical manufacturing company (CMC) has a contract for the procurement of the neccssaly chemicals from four suppliers. The chemicals purchased from Supplier A are priced at $20...

Teamwork. Ethics. Form a group of two or three students. Decide what you believe would be the best way to respond to each of the unacceptable questions included in this chapter. Also, discuss ethical...

Teamwork. Form a group of three or four students and gather employment information and job listings for the following positions.Make an effort to use at least four of the sources identified in the...

List the names of individuals in your personal network of friends, relatives, instructors, and acquaintances who could be valuable to you in a job search. From this list, develop a reference list....