Heart Corporation began the year with a simple capital structure consisting of 35,000 shares of common stock

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Heart Corporation began the year with a simple capital structure consisting of 35,000 shares of common stock outstanding. On May 1, 5,000 additional common shares were issued, and another 20,000 common shares were issued on September 1. The company had a net income for the year of \($468,000.\) Calculate the earnings per share of common stock.

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Managerial Accounting For Undergraduates

ISBN: 9780357499948

2nd Edition

Authors: James Wallace, Scott Hobson, Theodore Christensen

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