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On January 1, 2024, Mordor Delivery had 100,000 shares of common stock outstanding. The following transactions occurred during 2024: March 1: Reacquired 2,800 shares, accounted
| On January 1, 2024, Mordor Delivery had 100,000 shares of common stock outstanding. The following transactions occurred during 2024: | |
| March 1: | Reacquired 2,800 shares, accounted for as treasury stock. |
| September 30: | Sold all the treasury shares. |
| December 1: | Sold 11,800 new shares for cash. |
| December 31: | Reported a net income of $295,750. |
| Required: | |
| Calculate Mordor Delivery's basic earnings per share for the year ended December 31, 2024. | |
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Auditing And Financial Management Actions Taken By DOD On GAO Recommendations To Improve Spare Parts Requirements Determination NSIAD 85 61
Authors: U.S. Government Accountability Office
1st Edition
1287183859, 978-1287183853
