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Assume that the following data relative to Lane Company for 2 0 1 5 is available: Net Income $ 1 , 1 0 0 ,
Assume that the following data relative to Lane Company for is available:
Net Income $
Jan. Beginning number of common shares
Transactions in Common Shares in
On April the corporation purchased on the market of its own outstanding shares. On July the corporation declared and issued a for stock split. On October the corporation issued new shares to raise additional capital. On December the corporation issued stock dividends.
Assume that the company did not issue any dilutive securities
a Compute the weighted average shares outstanding during the year
b Compute the basic earnings per share for Round to the nearest penny.
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