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Business, 10.04.2020 15:26 melissa578

For the year ended December 31, 2013, Norstar Industries reported net income of $655,000.At January 1, 2013, the company had 900,000 common shares outstanding. The following changes in the number of shares occurred during 2013: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, 2013

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For the year ended December 31, 2013, Norstar Industries reported net income of $655,000.At January...
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