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For the year ended December 31, 2023, Brown Corporation reported net income of $2,700,000. At January 1 , 000 For the year ended December 31,
For the year ended December 31, 2023, Brown Corporation reported net income of $2,700,000. At January 1 , 000 For the year ended December 31, 2024, Brown Corporation reported net income of $2,970,000. On May 1, 2024, the company declared and issued a 2-for-1 stock split. On September 30, 2024, Brown issued 43,200 new shares. 2. Compute Brown's earnings per share for the year ended December 31, 2024. a. What is the numerator in the EPS calculation? b. What is the denominator in the EPS calculation? c. Compute earnings per share for the year ended December 31, 2024. 3. At what amount will the 2023 EPS be presented in the 2024 comparative financial statements
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