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At January 1, 2023, Cullumber Corp. had 197000 common shares outstanding (no preferred shares issued). On July 1, 2023, the corporation issued 239000 shares, and reported net income of $ 323500 for calendar 2023. Basic earnings per share for 2023 would be Select answer from the options below $0.72. $2.71. $1.02. $1.36.

At January 1, 2023, Cullumber Corp. had 197000 common shares outstanding (no preferred shares issued). On July 1, 2023, the corporation issued 239000 shares, and reported net income of $ 323500 for calendar 2023. Basic earnings per share for 2023 would be Select answer from the options below $0.72. $2.71. $1.02. $1.36.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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At January 1, 2023, Cullumber Corp. had 197000 common shares outstanding (no preferred shares issued). On July 1, 2023, the corporation issued 239000 shares, and reported net income of $ 323500 for calendar 2023. Basic earnings per share for 2023 would be Select answer from the options below $0.72. $2.71. $1.02. $1.36.
Transcribed Image Text:At January 1, 2023, Cullumber Corp. had 197000 common shares outstanding (no preferred shares issued). On July 1, 2023, the corporation issued 239000 shares, and reported net income of $ 323500 for calendar 2023. Basic earnings per share for 2023 would be Select answer from the options below $0.72. $2.71. $1.02. $1.36.
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