Question: this is what i got and its wrong. Exercise 19-12 EPS; shares issued; stock dividend (LO19-5, 19-6] For the year ended December 31, 2018, Norstar

 this is what i got and its wrong. Exercise 19-12 EPS;
this is what i got and its wrong.

Exercise 19-12 EPS; shares issued; stock dividend (LO19-5, 19-6] For the year ended December 31, 2018, Norstar Industries reported net income of $960,000. At January 1, 2018, the company had 1,050,000 common shares outstanding. The following changes in the number of shares occurred during 2018: Apr. 30 Sold 80,000 shares in a public offering. May 24 Declared and distributed a 58 stock dividend. Issued 90,000 shares as part of the consideration for the purchase of assets from a June 1 subsidiary. Required: Compute Norstar's earnings per share for the year ended December 31, 2018. (Enter your answers in thousands.) 1 Numerator S 960,000 Denominator - 1,211,000 = Earnings per Share $ 0.79

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!