On January 1, 2012 JMR had 30,000 common shares issued and outstanding.On July 1, JMR sold 500 shares.The net income for the year was $100,000.Calculate the basic earnings per share.

Question

Quizplus · Accepted Answer

The Answer of On January 1, 2012 JMR had 30,000 common shares issued and outstanding.On July 1, JMR sold 500 shares.The net income for the year was $100,000.Calculate the basic earnings per share.

On January 1, 2012 JMR Had 30,000 Common Shares Issued