Question
On January 1, 2020, Vin Corporation has 100,000 shares of $20 par value ordinary share capital outstanding. On April 1, 2020, it issued an additional
On January 1, 2020, Vin Corporation has 100,000 shares of $20 par value ordinary share capital outstanding. On April 1, 2020, it issued an additional 20,000 shares and another 30,000 shares on September 1, 2020. The 2020 Net Income was $1,964,200. What is the earnings per share of Vin Corporation for the year 2020?
a. $19.94
b. $13.09
c. $15.71
d. None of the Above
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Financial Accounting International Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
6th Edition
978-0470623275
