Question: step by step if possible plz. Exercise 19-12 (Algo) EPS; shares issued; stock dividend (LO19-5, 19-6] For the year ended December 31, 2021, Norstar Industries

step by step if possible plz.
step by step if possible plz. Exercise 19-12 (Algo) EPS; shares issued;

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 740,000 common shares outstanding. The following changes in the number of shares occurred during 2021: Apr. 30 sold 30,000 shares in a public offering. May 24 Declared and distributed a 51 stock dividend. June 1 Issued 24,000 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.) Numerator Denominator Earnings per Share 1

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!