PharoahCorporation had108,000common shares outstanding on December 31, 2019. During 2020, the company issued13,000shares on March...
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PharoahCorporation had108,000common shares outstanding on December 31, 2019. During 2020, the company issued13,000shares on March 1, retired6,400shares on July 1, issued a20% stock dividend on October 1, and issued19,500shares on December 1. For 2020, the company reported net income of $432,000after a loss from discontinued operations of $46,000(net of tax). The company issued a 2-for-1 stock split on February 1, 2021, and the company's financial statements for the year ended December 31, 2020, were issued on February 28, 2021.
Calculate earnings per share for 2020 as it should be reported to shareholders.(Round answer to 2 decimal places, e.g. 15.75.)
Earningsper share Income per share before discontinued operations$
enter a dollar amount
Discontinued operations loss per share, net of tax$
enter a dollar amount
Net income per share$
enter a total net income per share amount
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