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SCR Company had 600,000 shares of common stock outstanding on December 31, 2013. During the year 2014 the company acquired and then retired 15,000 shares
SCR Company had 600,000 shares of common stock outstanding on December 31, 2013. During the year 2014 the company acquired and then retired 15,000 shares on April 1 and issued 50,000 shares on July 31. For the year 2012 SCR Company reported net income of $982,500, after an extraordinary gain of $300,000 (net of tax).
Instructions What earnings per share data should be reported at the bottom of its income statement?
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