Excercise 16-17 - $270,290 213,000 shares).

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EXERCISE 16-17 (10–15 minutes) Event Dates Outstanding Shares Outstanding Fraction of Year Weighted Shares Beginning balance Jan. 1–May 1 210,000 4/12 70,000 Issued shares May 1–Oct. 31 218,000 6/12 109,000 Reacquired shares Oct. 31–Dec. 31 204,000 2/12 34,000 Weighted-average number of shares outstanding 213,000 Income per share before extraordinary item ($229,690 + $40,600 = $270,290;
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Unformatted text preview: $270,290 213,000 shares). ........................................................ $1.27 Extraordinary loss per share, net of tax ($40,600 213,000). ..................................................................... (.19 ) Net income per share ($229,690 213,000). ................................. $1.08...
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This note was uploaded on 04/22/2010 for the course ACCT ACC552 taught by Professor Hint during the Spring '09 term at Keller Graduate School of Management.

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Excercise 16-17 - $270,290 213,000 shares).

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