Question
Chandler had 7,500 shares of common stock outstanding on January 1, and issued an additional 2,500 shares on June 1. There was no preferred stock,
Chandler had 7,500 shares of common stock outstanding on January 1, and issued an additional
2,500 shares on June 1. There was no preferred stock, and net income was $124,700. How much
is diluted earnings per share for the calendar year?
A. $12.47
B. $13.92
C. $14.25
D. Diluted EPS is not applicable because of the simple capital structure.
E. None of these.
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Management Accounting
Authors: John Burns, Martin Quinn, Liz Warren, João Oliveira
1st Edition
0077121619, 978-0077121617
