Question
ABC Company reported the following in its annual income statement: basic earnings per share of $2.13. There was 4,042 million weighted average number of common
ABC Company reported the following in its annual income statement: basic earnings per share of $2.13. There was 4,042 million weighted average number of common stock shares outstanding during the year. The par value of the common shares was $1.00 per share and the average cost of the Treasury Stock was $12.00 per share. How much net income (in millions), did the company report for the year?
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Accounting Costing And Management
Authors: Riad Izhar, Janet Hontoir
2nd Edition
9780198328230
