- On January 1 2018 Shamu Corporation Had 100 000 Shares Of Common Stock Outstanding The Following Transactions Occurre 1 (27 KiB) Viewed 43 times
On January 1, 2018, Shamu Corporation had 100,000 shares of common stock outstanding. The following transactions occurre
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On January 1, 2018, Shamu Corporation had 100,000 shares of common stock outstanding. The following transactions occurre
On January 1, 2018, Shamu Corporation had 100,000 shares of common stock outstanding. The following transactions occurred during 2018: March 1: Reacquired 3,700 shares, accounted for as treasury stock. September 30: Sold all the treasury shares. December 1: Sold 12,700 new shares for cash. December 31: Reported a net income of $205,500. The following transactions occurred during 2019: January 10: Declared and issued a 20% stock dividend. December 31: Reported a net income of $275,800. Required: Calculate Shamu's basic earnings per share for both years for presentation in comparative financial statements that will be prepared at the end of 2019. (Round your answers to 2 decimal places.) Earnings per share
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