Question: work out step by step. put the answers in thousands. please For the year ended December 31, 2018, Norstar Industries reported net income of $955,000.

work out step by step. put the answers in thousands. please

For the year ended December 31, 2018, Norstar Industries reported net income of $955,000. At January 1, 2018, the company had 1,030,000 common shares outstanding. The following changes in the number of shares occurred during 2018: Apr. 30 Sold 75,000 shares in a public offering. May 24 Declared and distributed a 5% stock dividend. June 1 Issued 84,000 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, 2018. (Enter your answers in thousands.) Numerator $ 9,550 1 Denominator 1.183 - - Earnings per Share 5 8.07

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!

Answer in thousands, please!!!! For the year ended December 31, 2021, Norstar Industries reported net income of $995,000. At January 1, 2021, the company had 1,190,000 common shares outstanding. The...

For the year ended December 31, 2018, Norstar Industries reported net income of $940,000. At January 1, 2018, the company had 860,000 common shares outstanding. The following changes in the number of...

For the year ended December 31, 2018, Norstar Industries reported net income of $985,000. At January 1, 2018, the company had 1,150,000 common shares outstanding. The following changes in the number...

For the year ended December 31, 2018 Norstar Industries reported net income of $990,000. At January 1, 2018, the company had 1,170,000 common shares outstanding. The following changes in the number...

For the year ended December 31, 2018, Norstar Industries reported net income of $925,000. At January 1, 2018, the company had 800,000 common shares outstanding. The following changes in the number of...

Exercise 19-12 EPS; shares issued; stock dividend [L019-5, 19-6] For the year ended December 31, 2018, Norstar Industries reported net income of $960,000. At January 1, 2018, the company had 050,000...

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 $985,000. At January 1, 2018, the company had 1150,000...

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...

For the year ended December 31, 2018, Norstar Industries reported net income of $965,000. At January 1, 2018, the company had 1,070,000 common shares outstanding. The following changes in the number...

For the year ended December 31, 2018, Norstar Industries reported net income of $980,000. At January 1, 2018, the company had 1,130,000 common shares outstanding. The following changes in the number...

The fire tube of a hot water heater consists of a long circular duct of diameter D = 0.07 m and temperature T s = 385 K, through which combustion gases flow at a temperature of T m, g = 900 K. To...

The federal government has proposed labeling tires by fuel efficiency to save fuel and cut emissions. A survey was taken to see who would use these labels. At = 0.10, is the gender of the individual...

$ 7 , 2 0 0 of legal fees in a succeshil defense of its trade hame. Compute 2 0 2 4 amortication 1 2 3 1 ? 2 4 book value, 2 0 2 5 amortiracion and 1 2 2 1 ? 2 5 book vilat IF the conpany amortises...

P-1) (100 Pts.) A chemical manufacturing company (CMC) has a contract for the procurement of the neccssaly chemicals from four suppliers. The chemicals purchased from Supplier A are priced at $20...

3. Contrast relational contexts in organizations

2. Describe ways in which organizational culture is communicated

1. Describe and compare approaches to managing an organization