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A firm has 200,000 common shares outstanding on January 1. At that time, the firm...

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Accounting

A firm has 200,000 common shares outstanding on January 1. At that time, the firm held 10,000 additional shares in treasury and they remained in treasury for the whole year. On June 30 the firm had a 2:1 stock split. All shares, including those in treasury participated in the split. On December 31 the firm reported $500,000 in net income.

Calculate Basic EPS .

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