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On January 1, 2021, Algerian Delivery had 100,000 shares of common stock outstanding. The following transactions occurre
Posted: Mon May 30, 2022 7:39 am
by answerhappygod
- On January 1 2021 Algerian Delivery Had 100 000 Shares Of Common Stock Outstanding The Following Transactions Occurre 1 (16.95 KiB) Viewed 13 times
On January 1, 2021, Algerian Delivery had 100,000 shares of common stock outstanding. The following transactions occurred during 2021: March 1: Reacquired 4,000 shares, accounted for as treasury stock. September 30: Sold all the treasury shares. December 1: Sold 13,000 new shares for cash. December 311 Reported a net income of $307,750.. Required: Calculate Algerian Delivery's basic earnings per share for the year ended December 31, 2021. (Round your answer to 2 decimal places.) Earnings per share