spongebob21
Sep 25, 2011, 07:25 AM
On January 1st 2006 boa inc had 100,000 shares of common stock outstanding. The following occurred throughout the year.
March 1st: reacquired 3,000 shares accounted for as treasury stock
September 30th: sold all the treasury shares
December 1st: sold 12,000 new shares for cash
December 31st: reported a net income of 297,750
Calculate boas basic earnings per share for year ended 2006
March 1st: reacquired 3,000 shares accounted for as treasury stock
September 30th: sold all the treasury shares
December 1st: sold 12,000 new shares for cash
December 31st: reported a net income of 297,750
Calculate boas basic earnings per share for year ended 2006