Question
23. On January 1, ABC Ltd. Had 50,000 common shares issued and outstanding. On April 1, it issued 8,000 additional shares and on July 1,
23. On January 1, ABC Ltd. Had 50,000 common shares issued and outstanding. On April 1, it issued 8,000 additional shares and on July 1, declared and distributed two for one share split. Calculate Earning per share (EPS) if ABC Ltd. reported profit of $225,000.
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
4th edition
78025524, 978-0078025525
