Question
For 2016, Theta Corporation had net income of $2,250,000. At the beginning of the year, there were 800,000 shares outstanding, and halfway through the year
For 2016, Theta Corporation had net income of $2,250,000. At the beginning of the year, there were 800,000 shares outstanding, and halfway through the year the company issued 130,000 new shares. If Theta Corporation paid $85,000 in dividends to common shareholders, the company's basic earning per share for 2016?
Step by Step Solution
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Step: 1
Calculating Theta Corporations Basic EPS for 2016 We can find the basic EPS Earnings Per Share by considering the weighted average number of shares outstanding throughout the year Heres how Weighted A...
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
