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Ace Company had 200,000 shares of common stock outstanding on December 31,2021 . During
the year 2022 , the company issued 8,000 shares on May 1 and retired 14,000 shares on October
31. For the year 2022, Ace Company reported net income of $249 , 690 after a loss from
discontinued operations of $40 , 600 (net of tax). What earnings per share data should be
reported at the bottom of its income statement? (Round answers to 2 decimal places. e. $255 )

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Ace Company had 200-000 shares of common stock outstanding on December.pdf

  • 1. Ace Company had 200,000 shares of common stock outstanding on December 31,2021 . During the year 2022 , the company issued 8,000 shares on May 1 and retired 14,000 shares on October 31. For the year 2022, Ace Company reported net income of $249 , 690 after a loss from discontinued operations of $40 , 600 (net of tax). What earnings per share data should be reported at the bottom of its income statement? (Round answers to 2 decimal places. e. $255 )