Question
On January 1, 2013, Algerian Delivery had 100,000 shares of common stock outstanding. The following transactions occurred during 2013: March 1: Reacquired 3,000 shares, accounted
On January 1, 2013, Algerian Delivery had 100,000 shares of common stock outstanding. The following transactions occurred during 2013: March 1: Reacquired 3,000 shares, accounted for as treasury stock.
September 30: Sold all the treasuary shares
December 1: Sold 12,000 new shares for cash
December 31: Reported a net income of $297,750 Required: Calculate Algerian Delivery's basic earnings per share for the year ended December 31, 2013.
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Auditing Basics
Authors: 3G E-Learning
1st Edition
1984624261, 978-1984624260
