Question
blossom inc. a publicly traded company had 210000 common shares outstanding on december 31 2022. during 2023 the company issued 6000 shares on may 1
blossom inc. a publicly traded company had 210000 common shares outstanding on december 31 2022. during 2023 the company issued 6000 shares on may 1 retired 9000 shares on october 31. for 2023 the company reported net income of 28500 after a loss from discontinued operations of $42500 (net of tax) calculate the weighted number of common shares calculate earnings per share for 2023 as it should be reported to shareholders Earnings per Share Income per share before discontinued operations discontinued operations loss per share, net of tax net income per share Assume that blossom issued a 3 3 for stock split on January 31, 2024 and that the company's financial statement for the year ended December 31, 2023 were issued on February 15 2024 calculate earnings per share for 2023 as it should be reported to shareholders. Earnings per share Income per share before discontinued operations discontinued operations per share net of tax net income for share
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started