Question
Crane Corporation had 98,000 common shares outstanding on December 31, 2019. During 2020, the company issued 12,000 shares on March 1, retired 7,600 shares on
Crane Corporation had 98,000 common shares outstanding on December 31, 2019. During 2020, the company issued 12,000 shares on March 1, retired 7,600 shares on July 1, issued a 20% stock dividend on October 1, and issued 17,700 shares on December 1. For 2020, the company reported net income of $392,000 after a loss from discontinued operations of $54,400 (net of tax). The company issued a 2-for-1 stock split on February 1, 2021, and the companys financial statements for the year ended December 31, 2020, were issued on February 28, 2021. Calculate earnings per share for 2020 as it should be reported to shareholders. (Round answer to 2 decimal places, e.g. 15.75.)
Earnings per share | ||
---|---|---|
Income per share before discontinued operations | $enter a dollar amount | |
Discontinued operations loss per share, net of tax | $enter a dollar amount | |
Net income per share | $enter a total net income per share amount |
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