Question: Question 5 The Li Group had 1 6 0 , 0 0 0 shares of common stock outstanding at January 1 , 2 0 2

Question 5
The Li Group had 160,000 shares of common stock outstanding at January 1,2024. The following activities affected common shares during the year. There are no potential common shares outstanding.
February 28 Purchased 6,000 shares of treasury stock
October 31 Sold the treasury shares purchased on February 28
November 30 Issued 24,000 new shares
December 31 Net Income for 2024 is $1,659,000
Required:
Determine the 2024 EPS
Question 5 The Li Group had 160,000 shares of common stock

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