question archive For the year ended December 31, 2021, Norstar Industries reported net income of $925,000
For the year ended December 31, 2021, Norstar Industries reported net income of $925,000
Subject:AccountingPrice: Bought3
For the year ended December 31, 2021, Norstar Industries reported net income of $925,000. At January 1, 2021, the company had 800,000 common shares outstanding. The following changes in the number of shares occurred during 2021: Apr. 30 Sold 45,000 shares in a public offering. May 24 Declared and distributed a 5% stock dividend. June 1 Issued 42,000 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. Round "EPS" answer to 2 decimal places. Do not round intermediate calculations.) Numerator 1 Denominator = Earnings per Share =
