Solved: On january 1 2013 algerian delivery had 100000 shares of, Accounting Basics

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On january 1 2013 algerian delivery had 100000 shares of

Question - On January 1, 2013, Algerian Delivery had 100,000 shares of common stock outstanding. The following transactions occurred during 2013:

March 1: Reacquired 3,000 shares, accounted for as treasury stock.

September 30: Sold all the treasuary shares

December 1: Sold 12,000 new shares for cash

December 31: Reported a net income of $297,750

Required: Calculate Algerian Delivery's basic earnings per share for the year ended December 31, 2013.

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Accounting Basics: On january 1 2013 algerian delivery had 100000 shares of

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