During the month of March 2023, Gaelic LTD incorporated to become Gaelic Inc. They completed the following IPO transacti

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answerhappygod
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During the month of March 2023, Gaelic LTD incorporated to become Gaelic Inc. They completed the following IPO transacti

Post by answerhappygod »

During the month of March 2023, Gaelic LTD incorporated to
become Gaelic Inc. They completed the following IPO transactions
related to its stock:
Required:
Prepare Gaelic's March stock entries.
If Gaelic had net income of $300,000 in 2023, what was their
common stock’s EPS?
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