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Compute Norstars earnings per share

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Question - For the year ended December 31, 2018, Norstar Industries reported net income of $940,000. At January 1, 2018, the company had 860,000 common shares outstanding. The following changes in the number of shares occured during 2018:

April 30 - Sold 60,000 shares in a public offering.

May 24 - Declared and distributed a 5% stock dividend.

June 1 - Issued 60.000 shares as part of the consideration for the purchase of assets from a subsidiary.

Compute Norstar's earnings per share for the year ended December 31, 2018.

Reference no: EM132509711

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