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To acquire the net assets of three smaller companies, Larkspur authorized the issuance of an additional 160,800 common shares. The acquisitions took place as shown
To acquire the net assets of three smaller companies, Larkspur authorized the issuance of an additional 160,800 common shares. The acquisitions took place as shown below. On May 14, 2020, Larkspur realized a $93,600 (before taxes) insurance gain on discontinued operations. On December 31,2020 , Larkspur recorded income of $282,000 from continuing operations (after tax). Assuming a 20% tax rate, compute the earnings per share data that should appear on the financial statements of Larkspur Industries as of December 31, 2020. (Round answer to 2 decimal places, e.g. $2.55.)
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