Question
Crane Company had 187,200 shares of common stock outstanding on December 31, 2026. During the year 2027, the company issued 8,000 shares on May
Crane Company had 187,200 shares of common stock outstanding on December 31, 2026. During the year 2027, the company issued 8,000 shares on May 1 and retired 14,000 shares on October 31. For the year 2027, Crane Company reported net income of $265,300 after a loss from discontinued operations of $42,700 (net of tax). What earnings per share data should be reported at the bottom of its income statement? (Round answers to 2 decimal places, eg. 2.55)
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
18th Edition
1119790972, 9781119790976
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