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Category > Business & Finance Posted 03 Aug 2017 My Price 5.00

Ace Company had 200,000

Ace Company had 200,000 shares of common stock outstanding on December 31, 2008. During the year 2009 the company issued 8,000 shares on May 1 and retired 14,000 shares on October 31. For the year 2009 Ace Company reported net income of $249,690 after a casualty loss of $40,600 (net of tax).
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What earnings per share data should be reported at the bottom of its income statement, assuming that the casualty loss is extraordinary?

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Status NEW Posted 03 Aug 2017 09:08 AM My Price 5.00

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