During 20x3, the La Jeune Corporation reported a net income of 51,529,500. On January 1, La Jeune

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During 20x3, the La Jeune Corporation reported a net income of 51,529,500. On January 1, La Jeune had 700,000 shares of common stock outstanding. The company issued an additional 420,000 shares of common stock on October 1. In 20x3, the company had a simple capital structure. During 20x4, there were no transactions involving common stock, and the company reported net income of 52,016,000. 1 . Determine the weighted-average number of common shares outstanding each year. 2. Compute earnings per share for each year. L01

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Financial Accounting

ISBN: 9780618310746

8th Edition

Authors: Belverd E. Needles Jr,, Marian Powers

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