Essay
You are given the following information about KER Ltd.:
30,000 common shares outstanding on January 1, 2012
5,000 preferred shares, no-par, $1.30 (cumulative, nonconvertible)outstanding on January 1 2,000 shares sold on March 1, 2012
1,000 shares sold on September 1, 2012
2 for 1 Stock split recorded on October 1, 2012 Net Income for the year $340,000
Required:
Calculated the basic EPS.
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