Business
Business, 21.12.2019 03:31, tluvk85

During the year ended december 31, 2017, gluco, inc., split its stock on a 5-for-1 basis. in its annual report for 2016, the firm reported net income of $930,900 for 2016, with an average 254,100 shares of common stock outstanding for that year. there was no preferred stock.

required:
a. what amount of net income for 2016 will be reported in gluco's 2017 annual report?

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During the year ended december 31, 2017, gluco, inc., split its stock on a 5-for-1 basis. in its ann...

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