Letterman Company computed earnings per share as follows. Net income Common shares outstanding at year-end Letterman has

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Letterman Company computed earnings per share as follows.

Net income

Common shares outstanding at year-end

Letterman has a simple capital structure. What possible errors might the company have made in the computation? Explain.

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Intermediate Accounting

ISBN: 978-0470423684

13th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

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Question Posted: Dec 11, 2010 01:29 AM

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Letterman Company computed earnings per share as follows. Net income Common shares outstanding at year-end Letterman has

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