Question: Solve it correctly and show the formulas as well as the work for like and upvote. For 2009, Flamingo Products had net income of $1,000,000.

Solve it correctly and show the formulas as well as the work for like and upvote.

For 2009, Flamingo Products had net income of $1,000,000. At 1 January 2009, there were 1,000,000 shares outstanding. On 1 July 2009, the company issued 100,000 new shares for $20 per share. The company paid $200,000 in dividends to common shareholders. What is Flamingo's basic earnings per share for 2009

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