Question
General Corporation was organized on January 1 and issued 675,000 shares of common stock on that date. On July 1, an additional 350,000 shares were
General Corporation was organized on January 1 and issued 675,000 shares of common stock on that date. On July 1, an additional 350,000 shares were issued for cash. Net income for the year was $4,575,000. Net earnings per share amounted to:
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$5.38.
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$13.07.
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$6.78.
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$4.46.
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Sound Investing, Chapter 18 - Significant Accounting Policies And Changes In Them
Authors: Kate Mooney
3rd Edition
0071719407, 9780071719407
