During 20x1, Halle Corporation reported a net income of $669,200. On January 1, Halle had 360,000 shares
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During 20x1, Halle Corporation reported a net income of $669,200. On January 1, Halle had 360,000 shares of common stock outstanding. The company issued an additional 240,000 shares of common stock on August 1. In 20x1, the company had a sim- ple capital structure. During 20x2, there were no transactions involving common stock, and the company reported net income of $870,000. Determine the weighted-average number of common shares outstanding for 20x1 and 20x2. Also, compute earnings per share for 20x1 and 20x2. L01
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