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For the year ended December 31, 2024, Norstar Industries reported net income of $930.000. At January 1, 2024, the company had 820,000 common shares outstanding.
For the year ended December 31, 2024, Norstar Industries reported net income of $930.000. At January 1, 2024, the company had 820,000 common shares outstanding. The following changes in the number of shares occurred during 2024 : April 30 Sold 50, shares in a public offering May 24 Declared and distributed a 5% stock dividend June 1 Issued 48 , 100 shares as part of the consideration for the purchase of assets from a subsidiary Requlred: Compute Norstar's earnings per share for the year ended December 31, 2024. Note: Do not round Intermedlate calculatlons. Except for per shore amounts, enter your answers In thousands (l.e., 10,000 should be entered as 10). Round "Eornlngs per share" answer to 2 declmal places
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