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During 2022, Amazing Corp.reported after-tax net income of $900,000 and paid $175,000 in common dividends.The weighted average number of common shares issued in 2022 was 200,000.There are no preferred shares issued.At year end, Amazing's common shares are selling for $81 per share on the Toronto Stock Exchange.
-Amazing's basic earnings per share for 2022 is
Goodwill Method
An accounting approach for handling goodwill during a business combination, where goodwill is not amortized but tested annually for impairment.
Capital Balances
The amounts shown in a company’s books representing the capital owned by partners or shareholders.
Profit and Loss
A financial statement, also known as an income statement, that provides a summary of a company's revenues, expenses, and profits/losses over a given period of time.
Partnership
A formally established way of running a business by two or more participants who equally handle the administration and profit-sharing.
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