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On January 1,2016,Algerian Delivery Had 100,000 Shares of Common Stock

question 139

Essay

On January 1,2016,Algerian Delivery had 100,000 shares of common stock outstanding.The following transactions occurred during 2016:
March 1: Reacquired 3,000 shares,accounted for as treasury stock.
September 30: Sold all the treasury shares.
December 1: Sold 12,000 new shares for cash.
December 31: Reported a net income of $297,750.
Required:
Calculate Algerian Delivery's basic earnings per share for the year ended December 31,2016.


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Incubation Stage

A phase in the development of a startup or new project characterized by experimentation, ideation, and the initial development of a business model.

Creative Decision Making

The process of exploring alternative solutions to problems or opportunities in novel and nontraditional ways to arrive at effective solutions.

Reversal Technique

A strategy used in problem-solving or creativity that involves considering the opposite of what is expected or assumed.

New Ideas

Refers to original or novel thoughts, concepts, or perspectives that have not been previously considered or explored.

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