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What should marigold report as earnings per share

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Question - Marigold Corp. purchased Cullumber Company and agreed to give stockholders of Cullumber Company 49300 additional shares in 2023 if Cullumber Company's net income in 2022 is $604000 or more; in 2021 Cullumber Company's net income is $617000. Marigold has net income for 2021 of $1496000 and has an average number of common shares outstanding for 2021 of 501000 shares. What should Marigold report as earnings per share for 2021?

Reference no: EM132887005

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