Business, 25.05.2021 21:30 katswindle11

On the first day of 2021, Paccar had 100,000 shares of common stock outstanding. The following transactions occurred during 2021: March 1: Reacquired 2,000 shares, accounted for as treasury stock. September 30: Sold all the treasury shares. December 1: Sold 11,000 new shares for cash. December 31: Reported a net income of $287,750. Required: Calculate Paccar's basic earnings per share for the year ended December 31,

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On the first day of 2021, Paccar had 100,000 shares of common stock outstanding. The following trans...

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