Question
On January 1, ABC Ltd. Had 50,000 common shares issued and outstanding. On April 1, it issued 8,000 additional shares and on July 1, declared
On January 1, ABC Ltd. Had 50,000 common shares issued and outstanding. On April 1, it issued 8,000 additional shares and on July 1, declared and distributed two for one share split. Calculate Earning per share (EPS) if ABC Ltd. reported profit of $225,000.
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Accounting A Business Perspective
Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher
7th Edition
0075615851, 978-0075615859
