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Required: Complete the following: (Round Earnings per share to 2 decimal places.) At December 31, the records of Kozmetsky Corporation provided the following selected and
Required:
Complete the following: (Round "Earnings per share" to 2 decimal places.)
At December 31, the records of Kozmetsky Corporation provided the following selected and incomplete data:
Common stock (par $2; no changes during the current year). |
Shares authorized, 5,000,000. |
Shares issued, ? ; issue price $7 per share. |
Shares held as treasury stock, 10,200 shares, cost $5 per share. |
Net income for the current year, $500,080. |
Common Stock account, $152,000. |
Dividends declared and paid during the current year, $2 per share. |
Retained Earnings balance, beginning of year, $820,000. |
Required:
Complete the following: (Round "Earnings per share" to 2 decimal places.)
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