Question
On December 31, Year 1, the Reba Company had 120,000 shares of common stock issued and outstanding. On July 1, Year 2, the company sold
On December 31, Year 1, the Reba Company had 120,000 shares of common stock issued and outstanding. On July 1, Year 2, the company sold 23,000 additional shares for cash. Rebas net income for the year ended December 31, Year 2, was $568,000. What is the basic earnings per share?
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Audit And Assurance Principles And Practices In Singapore
Authors: Dr Ernest Kan
5th Edition
9814838136, 978-9814838139
