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Lucky Corporation began the year with a simple capital structure consisting of 200,000 shares of outstanding common stock. On April 1, 10,000 additional common shares were issued, and another 30,000 common shares were issued on August 1. The company had net income for the year of $572,000. Calculate the earnings per share of common stock. Round to two decimal points. Earnings per Share $Answer

Lucky Corporation began the year with a simple capital structure consisting of 200,000 shares of outstanding common stock. On April 1, 10,000 additional common shares were issued, and another 30,000 common shares were issued on August 1. The company had net income for the year of $572,000. Calculate the earnings per share of common stock. Round to two decimal points. Earnings per Share $Answer

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 21E
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Earnings per Share
Lucky Corporation began the year with a simple capital structure consisting of 200,000 shares of outstanding common stock. On April 1, 10,000 additional common shares were issued, and another 30,000 common shares were issued on August 1. The company had net income for the year of $572,000. Calculate the earnings per share of common stock. Round to two decimal points.

Earnings per Share $Answer

 
 
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