Question
For 2009, Flamingo Products had net income of $1,000,000. At 1 January 2009, there were 1,000,000 shares outstanding. On 1 July 2009, the company issued
For 2009, Flamingo Products had net income of $1,000,000. At 1 January 2009, there were 1,000,000 shares outstanding. On 1 July 2009, the company issued 100,000 new shares for $20 per share. The company paid $200,000 in dividends to common shareholders. What is Flamingos basic earnings per share for 2009? A $0.80. B $0.91. C $0.95.
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Accountancy Analysis Of Financial Statements Analysis Of Financial Statements
Authors: M. Hanif, A. Mukherjee
1st Edition
1642879762, 9781642879766
