Question
Blossom Corporation purchased Sheridan Inc. and agreed to give stockholders of Sheridan 49000 additional shares in 2027 if Sheridan's net income in 2026 is
Blossom Corporation purchased Sheridan Inc. and agreed to give stockholders of Sheridan 49000 additional shares in 2027 if Sheridan's net income in 2026 is $590000 or more; in 2025 Sheridan's net income is $610000. Blossom has net income for 2025 of $1490000 and an average number of common shares outstanding of 490000 shares. What should Blossom report as earnings per share for 2025? O O O Basic Earnings Per Share $3.04 $2.76 $3.04 $2.76 Diluted Earnings Per Share $2.76 $3.04 $3.04 $2.76
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
18th Edition
1119790972, 9781119790976
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