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On 01-01-18, Smith had 60,000 shares of common stock outstanding. The following common stock-related transactions occurred during 2018: *On March 1, Smith issued 12,000 shares
On 01-01-18, Smith had 60,000 shares of common stock outstanding. The following common stock-related transactions occurred during 2018: *On March 1, Smith issued 12,000 shares of its common stock. *On June 30, Smith bought back 18,000 shares of its common stock. *On November 1, Smith declared and distributed a 10% stock dividend. Smith's net income for 2018 was $950,000. Smith's income tax rate is 25%. What will Smith report as basic EPS for the year ended 12-31-18?
answer options
$15.99
$15.83
$14.16
$13.95
$15.10
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