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Problem 2 Carmen Company reported 557.5 million in net income in 2010. Then on January 1, 2010 the company had 600 million shares of common stock...

Problem 2

Carmen Company reported 557.5 million in net income in 2010. Then on January 1, 2010 the company had 600 million shares of common stock outstanding. On April 1, 2010 34 million shares of common stock were sold for cash. On June 1, 2010 Carmen Company’s stock split 2 for 1. On July 2010 9 million shares were reacquired as treasury stock.

Requirements:

2 Take the information in Problem 2 and compute Carmen Company’s Earnings per Share for the year ended December 31, 2010.

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Accounting - 8211213.doc

ASSIGNMENT No.: 8211213
Carmen Company reported 557.5 million in net income in 2010. Then on January 1, 2010 the company
had 600 million shares of common stock outstanding. On April 1, 2010 34...

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