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E16-17B (EPS: Simple Capital Structure) SCR Company had 600,000 shares of common stock outstanding on December 31, 2013. During the...

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E16-17B (EPS: Simple Capital Structure) SCR Company had 600,000 shares of common stock outstanding on December 31, 2013. During the year 2014 the company acquired and then retired 15,000 shares on April 1 and issued 50,000 shares on July 31. For the year 2012 SCR Company reported net income of $982,500, after an extraordinary gain of $300,000 (net of tax).;Instructions;What earnings per share data should be reported at the bottom of its income statement?

 

Paper#75805 | Written in 18-Jul-2015

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