Question
On January 1st 2018 ACME Company had 1000 shares of outstanding stock. On July 1st 2018 ACME Company had a 2 for 1 split. In
On January 1st 2018 ACME Company had 1000 shares of outstanding stock. On July 1st 2018 ACME Company had a 2 for 1 split.
In 2018, ACME reported income of $10,000. What is ACME's earnings per share?
a. $10.00 per share
b. $5.00 per share
c. $6.67 per share
d. none of the above
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Auditing A Practical Approach
Authors: Robyn Moroney
1st Canadian Edition
978-1118472972, 1118472977, 978-1742165943
