E16.18 (LO 4) (EPS: Simple Capital Structure) Ott Company had 210,000 ordinary shares outstanding on December 31, 2022. During the year 2023, the company issued 8,00o shares on May 1 and retired 14,000 shares on October 31. For the year 2023, Ott Company reported net income of £229,690 after a loss on discontinued operations of £40,600 (net of tax). Instructions What earnings per share data should be reported at the bottom of its income statement?

E16.18 (LO 4) (EPS: Simple Capital Structure) Ott Company had 210,000 ordinary shares outstanding on December 31, 2022. During the year 2023, the company issued 8,00o shares on May 1 and retired 14,000 shares on October 31. For the year 2023, Ott Company reported net income of £229,690 after a loss on discontinued operations of £40,600 (net of tax). Instructions What earnings per share data should be reported at the bottom of its income statement?

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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