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Exercise 19-12 EPS; shares Issued; stock dividend [LO19-5, 19-6] For the year ended December 31, 2018, Norstar Industries reported net Income of $930,000. At January
Exercise 19-12 EPS; shares Issued; stock dividend [LO19-5, 19-6] For the year ended December 31, 2018, Norstar Industries reported net Income of $930,000. At January 1, 2018, the company had 820.000 common shares outstanding. The following changes in the number of shares occurred during 2018: Apr 30 Sold Se.eee shares in a public offering. May 24 Declared and distributed a 5% stock dividend. June 1 Issued 48,880 shares as part of the consideration for the purchase of assets from a subsidiary. Required: Compute Norstar's earnings per share for the year ended December 31, 2018. (Enter your answers in thousands.) Numerator 1 Denominator = Earnings per Share
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