Question
Brief Exercise 19-12 (Algo) EPS; shares issued; shares retired [LO19-5, 19-6] McDonnell-Myer Corporation reported net income of $864 million. The company had 423 million common
Brief Exercise 19-12 (Algo) EPS; shares issued; shares retired [LO19-5, 19-6]
McDonnell-Myer Corporation reported net income of $864 million. The company had 423 million common shares outstanding at January 1 and sold 18 million shares on February 28. As part of an annual share repurchase plan, 9 million shares were retired on April 30 for $26 per share.
The answer is not 2.18
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Only Audit What Matters 12 Weeks To Using Agile Audit To Focus On The Right Risks At The Right Time
Authors: Toby DeRoche
1st Edition
B0BT7HS2BX, 979-8366397100
