Business, 15.04.2020 23:04, dmc79765

For the year ended December 31, 2021, Norstar Industries reported net income of $655,000.

At January 1, 2021, the company had 900,000 common shares outstanding.

The following changes in the number of shares occurred during 2021:

Apr. 30 Sold 60,000 shares in a public offering.
May 24 Declared and distributed a 5% stock dividend.
June 1 Issued 72,000 shares as part of the consideration for the purchase of assets from a subsidiary

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

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:20, staxeeyy767

If the government is required to balance the budget and the economy falls into a recession, which of the actions is a feasible policy response? cut taxes to encourage consumer spending invest in infrastructure increase government spending to stimulate the economy cut spending equal to the reduction in tax revenue what is a likely consequence of this policy? unemployment falls due to the economic stimulus. the negative consequences of the recession are magnified. consumer spending increases due to their ability to keep more of their after-tax income. there is hyperinflation due to an increase in aggregate demand.

Answers: 3

continue

Business, 21.06.2019 20:30, ROBIOX3551

Which of the following is an example of formal management controls? answers: a firm's culturethe willingness of employees to monitor each otherbudgeting and reporting activitiesmanagerial motivation

Answers: 3

continue

Business, 22.06.2019 02:00, raylynnreece4939

Precision dyes is analyzing two machines to determine which one it should purchase. the company requires a rate of return of 15 percent and uses straight-line depreciation to a zero book value over the life of its equipment. ignore bonus depreciation. machine a has a cost of $462,000, annual aftertax cash outflows of $46,200, and a four-year life. machine b costs $898,000, has annual aftertax cash outflows of $16,500, and has a seven-year life. whichever machine is purchased will be replaced at the end of its useful life. which machine should the company purchase and how much less is that machine's eac as compared to the other machine's

Answers: 3

continue

Business, 22.06.2019 13:00, notorius315

The green revolution is a scientific breakthrough that improved seeds for basic crops. how did the green revolution impact the supply of basic crops such as wheat and corn? the supply of wheat and corn increased. there was no impact on the supply of basic crops. the supply of basic crops did not change, but the quantity supplied of basic crops increased. the supply of wheat and corn decreased.

Answers: 3

continue

Do you know the correct answer?

For the year ended December 31, 2021, Norstar Industries reported net income of $655,000.