Question
On January 1, a corporation had 19,500 shares of common stock outstanding, and reacquired 3,000 shares on that date. The company earned net income of
On January 1, a corporation had 19,500 shares of common stock outstanding, and reacquired 3,000 shares on that date. The company earned net income of $540,000 and paid a cash dividend on its common stock of $36,000. The earnings per share for the year was a. $22.40 b. $24.00 c. $30.55 d. $32.73
Show computations.
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College Accounting A Practical Approach Chapters 1-26
Authors: Jeffrey Slater
8th Edition
0130911429, 978-0130911421
