Question
For the year ended December 31, 2024, Norstar Industries reported net income of $910,000. At January 1, 2024, the company had 740,000 common shares outstanding.
For the year ended December 31, 2024, Norstar Industries reported net income of $910,000. At January 1, 2024, the company had 740,000 common shares outstanding. The following changes in the number of shares occurred during 2024:
| April 30 | Sold 30,000 shares in a public offering |
|---|---|
| May 24 | Declared and distributed a 5% stock dividend |
| June 1 | Issued 24,000 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, 2024.
Note: Do not round intermediate calculations. Except for per share amounts, enter your answers in thousands (i.e., 10,000 should be entered as 10). Round "Earnings per share" answer to 2 decimal places.
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M Glichkeiten Und Grenzen Der F Rderung Verantwortlichen Handelns Von Wirtschaftspr Fern In Moralisch Relevanten Situationen Eine Theoretische Und And Accounting Studies
Authors: Catharina Schmiele
2012 Edition
383493335X, 978-3834933355
