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What is the earnings per share for highland corporation

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Reference no: EM132755663

The financial statements for Highland Corporation included the following selected information:

Common stock $ 1,600,000

Retained earnings $ 900,000

Net income $ 1,000,000

Shares issued 90,000

Shares outstanding 80,000

Dividends declared and paid $ 800,000

The common stock was sold at a price of $30 per share.

Problem 1: What is the amount of additional paid in capital?

Problem 2: And what is the earnings per share, assuming the weighted average shares outstanding is equal to the shares outstanding?

Reference no: EM132755663

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