Business, 11.11.2019 19:31 scarletmartinez

Colt corporation purchased massey inc. and agreed to give stockholders of massey inc. 50,000 additional shares in 2020 if massey inc.'s net income in 2019 is $600,000 or more; in 2018 massey inc.'s net income is $615,000. colt has net income for 2018 of $1,500,000 and has an average number of common shares outstanding for 2018 of 500,000 shares. what should colt report as earnings per share for 2018? basic earningsper earnings per share1. $3.$3.002. $2.$2.733. $2.$3.004. $3.$2.73

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