Shares of common stock outstanding


Book Company had net income of $75,000. On January 1, there were 10,000 shares of common stock outstanding. On May 31, the company issued an additional 4,000 shares of common stock. The company declared a $5,800 dividend on its noncumulative, nonparticipating preferred stock. There were no other stock transactions. The company has an earnings per share?

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Accounting Basics: Shares of common stock outstanding
Reference No:- TGS0697003

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