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On January 1, 2021, Algerian Delivery had 100,000 shares of common stock outstanding. The following transactions occurred during 2021: March 1: Reacquired 4,000 shares,
On January 1, 2021, Algerian Delivery had 100,000 shares of common stock outstanding. The following transactions occurred during 2021: March 1: Reacquired 4,000 shares, accounted for as treasury stock. September 301 Sold all the treasury shares. December 1: Sold 13,000 new shares for cash. December 311 Reported a net income of $307,750. Required: Calculate Algerian Delivery's basic earnings per share for the year ended December 31, 2021. (Round your answer to 2 decimal places.) Earnings per share
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
71051503, 978-1259066511, 1259066517, 978-0071051507
