On September 1, 2023, Pin acquires all of Skin's shares, by issuing 15,000 shares of commonstock. The following information is related to Pin & Skin at December 31, 2023.Pin$420,000Net Income evenly distributed duringthe year2023O a. $8.0O b. $7.0O c. $9.0O d. $10.060,000# of outstanding shares20,000Calculate the consolidated earnings per share (EPS) for the year ended December 31, 2023.ASkin$150,000

Earnings Per Share -EPS is a financial measure that is calculated by dividing the average number of…

On September 1, 2023, Pin acquires all of Skin's shares, by issuing 15,000 shares of common stock. The following information is related to Pin & Skin at December 31, 2023. Pin $420,000 2023 Net Income evenly distributed during the year Skin $150,000 # of outstanding shares 60,000 20,000 Calculate the consolidated earnings per share (EPS) for the year ended December 31, 2023.

On September 1, 2023, Pin acquires all of Skin's shares, by issuing 15,000 shares of common stock. The following information is related to Pin & Skin at December 31, 2023. Pin $420,000 2023 Net Income evenly distributed during the year Skin $150,000 # of outstanding shares 60,000 20,000 Calculate the consolidated earnings per share (EPS) for the year ended December 31, 2023.

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Concept explainers

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.

Question

On September 1, 2023, Pin acquires all of Skin's shares, by issuing 15,000 shares of common
stock. The following information is related to Pin & Skin at December 31, 2023.
Pin
$420,000
Net Income evenly distributed during
the year
2023
O a. $8.0
O b. $7.0
O c. $9.0
O d. $10.0
60,000
# of outstanding shares
20,000
Calculate the consolidated earnings per share (EPS) for the year ended December 31, 2023.
A
Skin
$150,000

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