On May 1, 2014, there were 20,000 additional shares issued. Total income before income taxes for 2014 was $461,000, which included an extraordinary gain before income taxes of $42,000. Assuming a 30% tax rate, what is Marquis's basic earnings per common share for 2013 and for 2014? In your computations, round all weighted-average number of shares to the nearest whole number. Round the earnings per share to the nearest cent.

Answer rating: 100% (QA)

Required solution Calculation for net income for the year 2013 Earning before income taxes EBT 63640... View the full answer