Business, 06.05.2020 04:38 justijust500

For the year ended December 31, 2021, Norstar Industries reported a net income of $920,000. On January 1, 2021, the company had 780,000 common shares outstanding. The following changes in the number of shares occurred during 2021: Apr. 30 Sold 40,000 shares in a public offering. May 24 Declared and distributed a 5% stock dividend. June 1 Issued 36,000 shares as part of the consideration for the purchase of assets from a subsidiary. Compute Norstar's earnings per share for the year ended December 31, 2021.

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For the year ended December 31, 2021, Norstar Industries reported a net income of $920,000. On Janua...

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