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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:

Magnetic Resonance Imaging

A diagnostic technique that uses magnetic fields and radio waves to create detailed images of the body's internal structures.

Transcranial Magnetic Stimulation

A non-invasive procedure that uses magnetic fields to stimulate nerve cells in the brain to improve symptoms of depression.

Electroencephalography

A method of recording electrical activity of the brain through electrodes placed on the scalp.

Reticular Formation

A network of neurons located in the brainstem that plays a key role in controlling arousal, wakefulness, and focusing attention.

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