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. 2023 Pin $420,000 O a. $10.0 O b. $8.0 O c. $9.0 O d. $7.0 Skin $150,000 Net Income evenly distributed during the year # 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. 2023 Pin $420,000 O a. $10.0 O b. $8.0 O c. $9.0 O d. $7.0 Skin $150,000 Net Income evenly distributed during the year # of outstanding shares 60.000 20,000 Calculate the consolidated earnings per share (EPS) for the year ended December 31, 2023.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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.
2023
Pin
$420,000
O a. $10.0
O b. $8.0
O c. $9.0
O d. $7.0
Skin
$150.000
Net Income evenly distributed during
the year
# of outstanding shares
60,000
20,000
Calculate the consolidated earnings per share (EPS) for the year ended December 31, 2023.
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