Question
Crane Company purchased Blossom Company and agreed to give stockholders of Blossom Company 49000 additional shares in 2023 if Blossom Companys net income in 2022
Crane Company purchased Blossom Company and agreed to give stockholders of Blossom Company 49000 additional shares in 2023 if Blossom Companys net income in 2022 is $590000 or more; in 2021 Blossom Companys net income is $610000. Crane has net income for 2021 of $1490000 and has an average number of common shares outstanding for 2021 of 490000 shares. What should Crane report as earnings per share for 2021?
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Accounting Accounting Made Simple For Beginners
Authors: Robert Briggs
1st Edition
1761032739, 978-1761032738
