At January 1, 2014, Foxmore Company had 80,000 shares of common stock outstanding and no preferred stock. During the year, they issued 40,000 additional shares of common stock. At December 31, 2014, Foxmore had 120,000 shares of common stock outstanding, and no preferred stock. In addition, Foxmore reported the following results for the year 2014: At December 31, 2014, how much is the earnings per share for income (loss)before extraordinary items?
(Please round all calculations to the nearest cent.)

Question

At January 1, 2014, Foxmore Company had 80,000 shares of common stock outstanding and no preferred stock. During the year, they issued 40,000 additional shares of common stock. At December 31, 2014, Foxmore had 120,000 shares of common stock outstanding, and no preferred stock. In addition, Foxmore reported the following results for the year 2014:  At December 31, 2014, how much is the earnings per share for income (loss)before extraordinary items?
(Please round all calculations to the nearest cent.)

Quizplus · Accepted Answer

The Answer of At January 1, 2014, Foxmore Company had 80,000 shares of common stock outstanding and no preferred stock. During the year, they issued 40,000 additional shares of common stock. At December 31, 2014, Foxmore had 120,000 shares of common stock outstanding, and no preferred stock. In addition, Foxmore reported the following results for the year 2014:  At December 31, 2014, how much is the earnings per share for income (loss)before extraordinary items?
(Please round all calculations to the nearest cent.)

At January 1, 2014, Foxmore Company Had 80,000 Shares of Common