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At January 1, 2014, Foxmore Company had 80,000 shares of common stock outstanding and no preferred stock. During the year, they issued 40,000 additional shares of common stock. At December 31, 2014, Foxmore had 120,000 shares of common stock outstanding, and no preferred stock. In addition, Foxmore reported the following results for the year 2014:
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At December 31, 2014, how much is the earnings per share for income (loss) from continuing operations?
(Please round all calculations to the nearest cent.)
Quality
The standard of something measured against other similar entities; it denotes how good or bad an object, product, or service is.
Supply And Demand
A fundamental economic model explaining the interaction between the quantity of goods supplied by producers and the quantity demanded by consumers.
Rent Control
Government policies or regulations that limit the amount landlords can charge for renting out a property, often to make housing more affordable.
Price Floor
A government-imposed minimum price that can be charged for a good or service, usually set above the market equilibrium price to aid producers.
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