Guan Company had 200,000 shares of common stock outstanding on January 1, 2010, and repurchased 60,000 shares of common stock on March 31, 2010 Determine the earnings per share for calendar 2010 if net income was $ 400,000 ...

Guan Company had 200,000 shares of common stock outstanding on January 1, 2010, and repurchased 60,000 shares

Question:

Guan Company had 200,000 shares of outstanding on January 1, 2010, and repurchased 60,000 shares of on March 31, 2010. Determine the earnings per share for calendar 2010 if net income was $ 400,000.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...