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You Are Given the Following Information About JMR Ltd

question 51

Essay

You are given the following information about JMR Ltd.:
80,000 common shares outstanding on January 1, 2012
6,000 shares sold on March 1, 2012
3,000 shares sold on September 1, 2012
3 for 1 Stock split recorded on October 1, 2012 Net Income for the year $1,040,000
Required:
Calculated the basic EPS.


Definitions:

Reactive Power

The portion of electricity that establishes and sustains the electric and magnetic fields in AC operations, measured in volt-amperes reactive (VAR).

RLC Series Circuit

A circuit configuration comprising a resistor (R), inductor (L), and capacitor (C) connected in series.

Applied Voltage

The voltage that is externally applied to an electrical circuit or device, which drives the current through it.

Current Flow

The movement of electric charge carriers, like electrons or ions, through a conductor or space.

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