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Calculate algerian delivery basic earnings per share

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Question - On January 1, 2013, Algerian Delivery had 100,000 shares of common stock outstanding. The following transactions occurred during 2013:

March 1: Reacquired 3,000 shares, accounted for as treasury stock.

September 30: Sold all the treasuary 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, 2013.

Reference no: EM132095333

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