For the year ended 31 December 2009, Shopalot Company had a net income of $1,950,000. The company had 1,500,000 shares of common stock outstanding, no preferred stock, and no convertible financial instruments. What is Shop alot's basic EPS?

Cornerstones of Financial Accounting
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Chapter1: Accounting And The Financial Statements
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Problem 3MCQ: At December 31, Pitt Inc. has assets of $12,900 and liabilities of $6,300. What is the stock-holders...
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For the year ended 31 December 2009, Shopalot Company
had a net income of $1,950,000. The company
had 1,500,000 shares of common stock outstanding, no
preferred stock, and no convertible financial instruments.
What is Shop alot's basic EPS?
Transcribed Image Text:For the year ended 31 December 2009, Shopalot Company had a net income of $1,950,000. The company had 1,500,000 shares of common stock outstanding, no preferred stock, and no convertible financial instruments. What is Shop alot's basic EPS?
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