The Common Stock account for Baltimore Corporation on January 1, 2020 was $60,000. On July 1,...
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The Common Stock account for Baltimore Corporation on January 1, 2020 was $60,000. On July 1, 2020 Baltimore issued an additional 5,000 shares of common stock. The Common Stock is $5 par. There was neither Preferred Stock nor any Treasury Stock. Paid in Capital Excess to par Common Stock was $20,000 on January 1 and $40,000 on July 2 and net income was $100,000. Use this information to determine for December 31, 2020 the amount of Earnings per Share (rounded to the nearest cent). The Common Stock account for Baltimore Corporation on January 1, 2020 was $60,000. On July 1, 2020 Baltimore issued an additional 5,000 shares of common stock. The Common Stock is $5 par. There was neither Preferred Stock nor any Treasury Stock. Paid in Capital Excess to par Common Stock was $20,000 on January 1 and $40,000 on July 2 and net income was $100,000. Use this information to determine for December 31, 2020 the amount of Earnings per Share (rounded to the nearest cent).
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Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Posted Date:
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