Question
The Johnson Corporation reported net income of $750,000 for the fiscal year ended December 31, 2017. Preferred stock dividends declared during the year were $50,000.
The Johnson Corporation reported net income of $750,000 for the fiscal year ended December 31, 2017. Preferred stock dividends declared during the year were $50,000. Johnson had one million shares of common stock outstanding at the beginning of the year, and issued an additional 600,000 shares on April 30, 2017. What is Johnsons basic EPS for 2017?
A. $0.44.
B. $0.50.
C. $0.54.
D. $0.70.
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Auditing The Risk Management Process
Authors: K. H. Spencer Pickett
1st Edition
0471690538, 978-0471690535
