Question
On January 1, 2018, Algerian Delivery had 100,000 shares of common stock outstanding. The following transactions occurred during 2018: March 1: Reacquired 3,500 shares, accounted
On January 1, 2018, Algerian Delivery had 100,000 shares of common stock outstanding. The following transactions occurred during 2018:
| March | 1: | Reacquired 3,500 shares, accounted for as treasury stock. | ||
| September | 30: | Sold all the treasury shares. | ||
| December | 1: | Sold 12,500 new shares for cash. | ||
| December | 31: | Reported a net income of $302,750. |
What is Algerian Deliverys earnings per share for the year ending in December 31,2018
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
