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Compute norstar earnings per share for the year

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For the year ended December 31, 2021, Norstar Industries reported net income of $900,000. At January 1, 2021, the company had 700,000 common shares outstanding. The following changes in the number of shares occurred during 2021:

Apr. 30 Sold 20,000 shares in a public offering.May 24 Declared and distributed a 5% stock dividend.June 1 Issued 12,000 shares as part of the consideration for the purchase of assets from a subsidiary.

Required:

Problem 1: Compute Norstar's earnings per share for the year ended December 31, 2021. (Enter your answers in thousands. Round "EPS" answer to 2 decimal places. Do not round intermediate calculations.)

Reference no: EM132689575

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