Crane Company had 603000 shares of common stock outstanding on January 1, issued 904000 shares onJuly 1, and had income applicable to common stock of $2931000 for the year ending December 31, 2021.Earnings per share of common stock for 2021 would beO $3.25.O $4.86.O $2.30.O $2.78.

Earnings per share :— It is calculated by dividing earnings available to common stockholders' by the…

Answered: Crane Company had 603000 shares of…

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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Crane Company had 603000 shares of common stock outstanding on January 1, issued 904000 shares on July 1, and had income applicable to common stock of $2931000 for the year ending December 31, 2021. Earnings per share of common stock for 2021 would be O $3.25. O $4.86. $2.30. O $2.78.